Gold on target for biggest weekly fall in 6 months


SINGAPORE: Gold edged up on physical buying on Friday but was on track for its biggest weekly fall since September as the dollar firmed after the US Federal Reserve hinted at an interest rate hike in the first half of 2015.

Bullion briefly touched a six-month high of US$1,391.76 on Monday on tensions in Ukraine and concerns about growth in China before investors booked profits and turned their attention to safe haven US dollar.

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