Gold serves two purposes. Gold is processed in the jewelry industry. Companies in this industry do not store much raw material. They buy their raw material - gold - on Friday for delivery on the weekend or Monday morning. Their production units have enough gold to work during the week, avoiding expensive weekend work. Gold is also used by many investors as a "safe haven". It is an "insurance" against a crash or other hard-to-calculate risks over the weekend. These investors are also buying gold to hold it over the weekend. Both factors contribute to many parties buying gold on Fridays. Buying gold on Friday is therefore statistically interesting.


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