Gold closed at $1,252.50 per ounce on Friday, up $2.90 on the week. Not much action in gold this week, although on Thursday gold was up ~1% as the ECB announced a $400 billion Euro lending scheme designed to increase lending to businesses. On Friday, US employment data showed the economy adding 217,000 jobs in May and gold had little reaction. No major economic catalysts are on the horizon for next week, so ...
Continue Reading →MAY