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Gold posts weekly loss, eyes on Fed

FXStreet (Córdoba) - Gold edged higher on Friday although the recovery was not enough to erase weekly losses and posted the seventh loss in eight.

Gold traded between $1,062 and $1,078 an ounce before settling slightly above $1,075, up 0.31% on the session but still down 0.8% for the week. The metal oscillated in a limited range over the last days as investors hold a cautious stance before the Federal Reserve policy decision on Wednesday.

The metal still hovers near a 6-year low scored at $1,045 an ounce on Dec 3.

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