Gold drops 0.1% on week; oil scores over 2% weekly gain - Gold - TopicsExpress

Gold drops 0.1% on week; oil scores over 2% weekly gain - Gold futures settled lower Friday on the back of better-than-expected data on new U.S. home sales and strength in U.S. equities, prompting prices to tally a mild loss for the week. Gold for June delivery pulled back 0.3 percent to settle at $1,291.70 an ounce on the Comex division of the New York Mercantile Exchange, for a modest decline of 0.1 percent on the week. Sales of new homes increased 6.4 percent, the ... ow.ly/2H4RIB

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