By Frik Els
MINING.com
The gold price bounced back on Friday, regaining some of the ground lost yesterday when upbeat comments on the US economy from the Fed strengthened the dollar and sent gold in the opposite direction.
On the Comex division of the New York Mercantile Exchange, gold futures for June delivery last traded at $1,335.40 an ounce, up less than $5 an ounce from yesterday’s close, but off sharply for the week.
On Monday the metal hit a high above $1,380, the best level since June and up 14.8% since the start of the year.