Gold Soars to Within Sight of US$1300 an Ounce
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Gold leapt higher on Friday as the U.S. dollar continued to decline following the meetings of the Bank of Japan and Federal Reserve earlier in the week.
Spot gold rallied 2.1 percent to US$1292 an ounce, silver climbed 1.5 percent to US$17.82 an ounce.
Disappointing US GDP numbers also unsettled the dollar and with the Fed repeating it will be cautious with its rate rise policy, the US currency was under pressure all round.
Source: (may 2, 2016) Proactive Investors
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