Gold headed for best weekly performance since Oct 2011 - Nirmal Bang

Gold headed for the best weekly performance since Oct 2011 after Fed Reserve Chairman Bernanke called for maintaining stimulus, while assets in the largest bullion-backed exchange-traded product held steady.

WTI crude fell for a second day, trimming its third weekly advance as jobless claims in U.S. rose to a 2-month high & the IEA said global oil supply will exceed demand growth next year.

Dollar headed for a weekly drop against most of its major peers as comments from Fed Reserve policy makers caused investors to push out expectations for when the central bank will reduce stimulus.

Source : Equity Bulls

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