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Benzinga
Benzinga
Business
Piero Cingari

Gold’s Historic Weekly Surge Has Only Seven Parallels in 40 Years

Gold US Federal Reserve
Image,Of,Gold,Bullion,And,Gold,Coins

Gold is heading for one of the largest weekly gains in four decades.

Spot gold – as tracked by the SPDR Gold Shares (NYSE:GLD) – traded at $4,370 an ounce at midday Friday, up 8% on the week and nearly 3% on the session, fueled by a weaker-than-expected U.S. jobs report which trimmed rate-hike bets.

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