It’s hard to believe gold was actually down on the week, starting out in the $1,730 range and ending the week at $1,723 an ounce.
It was a wild ride with gold hitting a low of $1,716.50 on Monday and a high of $1,763.01 later in the week. With that kind of a ride up it’s really no surprise to see a sharp drop on profit-taking late Friday.