After posting 8% gains over the recent weeks, profit-taking took its toll on bullion prices on Friday, July 26th. As a result, gold lost 1% throughout the course of the day’s trading, but still managed to post 2% gains for the week overall.

Reference: http://www.meritgold.com/merit-gold-news-network-detail/merit-gold-news-network-july-26-2013