On Friday October 18, Gold was trading near one-week highs and headed for its best weekly gain in two months.
Spot gold rose 0.2 percent to US$1,321.66 an ounce by 0648 GMT, recording a near 4 percent gain for the week. .
Gold’s gains supported other precious metals, with Silver and Platinum headed for their best weekly performance in months.
Precious metals prices on Friday October 18, 2013, AT 0648 GMT.
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In the week of October 14, Gold prices advanced 3.5 per cent and Silver a little under three percent, in the best performance for precious metal prices in two months. .
Based on this most investors are asking themselves, whether precious metals have now completed their two-year correction from the highs of 2011? .