Gold, silver retreat after multi-month highs SAN
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Posted On: 08/24/2012 11:40:05 AM
Gold, silver retreat after multi-month highs
SAN FRANCISCO (MarketWatch) — Gold futures pulled back from a four-month high on Friday but were on their way to strong gains for the week, buoyed by hopes of fresh stimulus by global central banks.
Gold for December delivery (CNS:GCZ2) lost $1.80, or 0.1%, to $1,670.80 an ounce on the Comex division of the New York Mercantile Exchange.
The metal soared 2% Thursday on expectations that fresh monetary stimulus will help spur demand for the metal.
http://www.marketwatch.com/story/gold-silver-...2012-08-23
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