Gold prices end flat but post biggest weekly gains since January
Gold prices ended flat on Friday, but posted their biggest weekly gains since early January following Federal Reserve Chairman Ben Bernanke's reiteration that there was further scope of central bank providing additional monetary easing while the news that the European Central Bank was setting a specific bond yields range target for struggling currency union's economies boosted investors' confidence on the yellow metal.
Gold gave up early gains on Friday and was heading for its biggest weekly loss since December after growing fears of a global economic slowdown hit commodities, prompting investors to seek safety in the US dollar.