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Gold scores biggest weekly gain since 2008


Saturday, 28 March 2020 01:29 WIB

EMAS


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Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the physical market for the precious metal.

Gold for April delivery on Comex fell $26.20, or 1.6%, to settle at $1,625 an ounce. For the week, prices for the most-active contract rose 9.5%, which marked the biggest weekly rise since September 2008, according to FactSet.

May silver dropped 14.2 cents, or 1.%, to $14.534 an ounce, for a weekly climb of more than 17% — the largest weekly rise since April 1987.

Source: Marketwatch


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