Gold Gains $50 on Week, US Bullion Coins Robust in 2012 Start

Gold dipped modestly Friday, breaking away from a four-session winning streak. But the yellow metal still advanced $50, or 3.2%, for the week, scoring its best weekly pick-up since early December. "Gold came under pressure because people are a bit more comfortable with the recovery of the economy, but it is going to remain rangebound until we get some significant news to push it into either direction," Reuters quoted Fred Schoenstein, metals trader at Heraeus Precious Metals Management. Read the rest of Gold Gains $50 on Week, US Bullion Coins Robust in 2012 Start