investing in gold : Abandoned gold's gains in early trade on Friday, falling to its lowest level in a week strongly influenced by the dollar and falling oil markets, and is heading for what seems to record a third straight weekly losses.
And went down the price of gold in online transactions to its lowest level since December 26, recording 1172.95 dollars an ounce, after rising in early trading.
Gold was, by the time 1257 GMT, trimmed losses to fetch up to $ 1176.80 an ounce, down 0.4 percent.
Gold prices tend to end the week on a decline of 1.6 percent registered a third weekly loss in a row.
And dropped the price of gold in US futures contract for February delivery 0.6 percent to $ 1177.40 an ounce.
And out of the yellow metal in 2014 losses amounted to about two percent after coming off 28 percent in the previous year.
And many analysts predict a difficult year for gold in terms of the dollar is expected to bring more gains support from expectations of higher US interest rates and the economy recovers. Gold investing news