Gold price finishes best week since July 2013 at the highs
New York (Feb 5) Gold up 5% this week. Gold has been a sensational trade so far in 2016 and it continued to climb on Friday, gaining $18 to $1173.
The 4.9% rally this week is the largest since July 2013 and gold is now within striking distance of the October highs.
Fundamentally, the market is unwinding all the Oct Fed hawkishness but if the Oct high and long-term downtrends give way, the upside for gold bugs (who are an endangered species these days) could be tremendous.