Gold Approaches $3,950 Mark Amid Oil Spike, Fed-Hike Fears Rekindled
Gold climbed above $4,000 on Friday, though the metal was still headed for its largest weekly decline in six weeks. Spot bullion increased 0.8% to $4,002.39 by 0624 GMT. U.S. August futures were up 0.4% at $4,006.10. Bullion trading in London remained open.