18/05/2013
Gold Falls to 1376 dollars
The decline in gold prices in the global market encouraged Saudis shoppers in the local market to buy, and some of whom preferred to buy bullion in particular, according to Saudi Dealers.
Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as the dollar rose to the highest since 2008 after some Federal Reserve officials said the central bank should end its stimulus for the U.S. economy.Spot gold was down 1.6 percent, hovering at a four-week low below $1,376 an ounce.
