13th October 2014

(Written on Sunday, October 12 at 4:00 p.m. US East Coast time). Gold prices finished slightly lower on Friday, as a slight rise in the dollar offset yet another steep sell-off in the US stock market. In fact, both the S&P 500 and Nasdaq posted their biggest weekly declines since May 2012, while the Dow tipped into negative territory for the first time this year. US corporate earnings reports pick up steam this week and next, with a host of multinationals due to report their results. In the currency markets, despite Friday’s advance, the greenback ended the week lower for the first time in three months, ending an incredible run to the upside.

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