 U.S. gold climbed Friday, rebounding to above $1,200 an ounce after trading below the psychological barrier for three straight days. Coming off its worst weekly performance in six, gold posted a modest gain of 0.2 percent this week.
Crude oil rose for the first time in seven sessions Wednesday and never looked back –a three-day coarse reversal lifted prices for a more than 5 percent weekly advance. U.S. and European stocks rallied as well, with major indexes soaring between 3.9 percent and 6.2 percent for the week. (...)
Read the rest of Bullion Prices & Business Weekend Recap – July 10, 2010 (1,296 words)
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