Gold - Hits weekly gain as fed cut bets stay intact

Gold - Hits weekly gain as fed cut bets stay intact Gold rose +0.64% dod to USD3,759.98/oz on Friday after U.S. inflation met expectations, boosting hopes of Fed rate cuts. The metal gained ~+2.5% this week, nearing its all-time high of USD3,790.82/oz. (Source : Reuters) Comment : The rally in gold provides a near-term tailwind for precious metals miners, with margin expansion and potential earnings upgrades in play. Our pecking order MDKA>BRMS>ANTM.