Gold Closes in the Green Ahead of Busy U.S. Data Week

from Kitco NEWS

Gold finds support Friday as the metal closes in the green for the first time in three weeks. Many analysts suspect that the correction –which started with a 5% drop at the start of the month — has run its course. December gold futures settled Friday at $1,267.70 an ounce, up nearly 1.2% since Monday’s open. Kitco News’ Daniela Cambone and’s Scott Gamm discuss gold’s recent price action and how analysts expect the metal to move next week with the slew of U.S. economic data set to be released. First on deck are several Fed head comments as well as the release of third quarter GDP on Monday.

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