A rugged and alarming week for gold (and other markets). But not all the news is negative.
In the end, gold /quotes/zigman/661658 GC1Z -0.50% closed up $32 or 1.82% on the week at $1,788.10, its highest in eight weeks. The NYSE Arca Gold Bugs Index /quotes/zigman/6015494 XX:HUI -1.94% gained 2.2%, outperforming both gold and the S&P 500 Index /quotes/zigman/3870025 SPX -1.13% , which was up 0.85%.
Which means the interesting prospect of gold shares taking the lead, which I noted last week, is still present. ( See Nov. 7 column. )
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