Gold Back Below $1222 But Enjoying Solid Week

Gold retained gains from a four-day rally on Friday and was headed for its best week in nearly four months as a slump in equities and growing worries over the global economy attracted safe-haven bids for the metal.

Spot gold was holding steady at $1,224.06 an ounce by 0035 GMT, after gaining for four straight sessions.

The metal has risen 2.8 percent for the week, its best since the week ended June 20, after recovering from a 15-month-low reached earlier this week.


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