Gold fell to $915 in Hong Kong, but that would prove to be the low for the day, as it edged steadily higher to the mid-point of the NYMEX on Friday, nearly touching $929 before easing into a close on the Globex at $924.20/oz., up $3.80. For the week, gold added 2.5%.

Proposed IMF sales fail to dent market. Gold was right at its base for the day, $905, when the New York session opened on Wednesday, but the metal went near-vertical from there, pushing above $935 before a slight easing in the afternoon hours took it to a finish at $934.00/oz., up $18.60.