Gold and futures declined on Friday, but each still managed to close in
positive territory for the week. COMEX gold for December 2011 delivery slid
$17.40, or 1.1%, to $1,635.80 per ounce amid widespread weakness in commodities
following Fitchs downgrade of Italy and Spains sovereign debt ratings. Despite
the sell-off, gold futures posted a weekly gain of $13.50, or 0.8%.
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