Gold Record Weekly Performance

Take advantage of the decline in stocks and Dollar, Gold Record Weekly Performance Strongest Since January

Gold touched a six-week peak and posted the biggest weekly gain since mid-January on Friday following the volatility in financial markets by Chinese economic data are worse than expected, triggering a further weakening of the US Dollar.

Stocks tumbled and the world record for the worst week of the year, while the dollar index plunged to its lowest in two months after China factory data adds to doubts that the Federal Reserve will begin to raise interest rates next month.


Chinese data was also hurt market sentiment overshadowed amid concerns about slowing global growth, forcing investors to shift assets hunt safer such as bonds and gold. While precious metals have industrial uses, such as silver and palladium, should slip after gaining 2 consecutive days.