Top

Gold firms above closely watched $1,300 line, aims for weekly gain

May 25, 2018

Gold prices stabilized Friday north of the closely watched $1,300 line, heading for a roughly 1.2% weekly gain.

A mixed reading within the details of a durable goods report did little to counter a largely dovish set of Federal Reserve meeting minutes released earlier this week, which had already helped the metal claw up from the worst levels of the year.

Activity may be lighter than normal ahead of a three-day weekend, with markets shut on Monday for Memorial Day.

Read More on Market Watch