Gold Rises 1% After Hitting a More Than One-Year Low
Spot gold climbed 1% to $3,915.31 per ounce by 0322 GMT on Friday, but remained down 3.5% for the week. Bargain hunting followed a more than one-year low in the previous session.
By Sukanya MitraGold rose on Friday as bargain hunting emerged after prices hit a more than one-year low in the previous session, while market focus shifted to upcoming US inflation data.Spot gold COMEX:GC1! climbed 1% to $3,915.31 per ounce by 0322 GMT but was down 3.5% so far this week. US gold f…