Gold Posts Weekly Gain

Resilient demand for coins and bars and a pullback in the U.S. equities market lifted gold on the day and for the week on Friday. Traders said rising geopolitical tensions in the Middle East also boosted the metal’s safe-haven appeal. The metal rose about 0.3 percent on the week. It has now posted gains in three of the last four weeks following a historic two-day selloff in mid-April. Spot gold closed in at $1,390.2 an ounce. (Agency)