Gold edges higher but heads for worst weekly drop since June
In short
Gold rose a little at the end of a bad week. Earlier in the week, it fell to its lowest level in more than a year.
The metal is still heading for its worst weekly drop since June. That matters for investors watching gold prices.
What the reporting says
Gold edged higher at the end of a weak week that pushed the metal to its lowest level in more than a year. The small rebound came after a sharp slide over the week, leaving bullion still on track for its worst weekly slump since June. The move reflects continued pressure on gold prices despite the late-session gain.
Why it matters
Gold edged up after a downbeat week that took prices to their lowest point in more than a year. Even with the late gain, the metal remained on course for its worst weekly slump since June. The move matters for investors in bullion and other precious-metals assets.