The Federal Reserve announced last month that it will buy USD40 billion of mortgage-backed securities each month until the U.S. labor market improves.
In the week ahead, markets will continue to continue to focus on whether Spain will formally request a bailout and if international creditors will extend loans to Greece as the country struggles to meet deficit reduction targets.
Meanwhile, the U.S. is to release a flurry of data, including reports on retail sales, manufacturing activity in New York and Philadelphia, initial jobless claims and housing starts, among others.
Elsewhere on the Comex, silver for December delivery settled at USD33.58 a troy ounce by close of trade on Friday. Earlier in the session, silver futures touched a low of USD33.58, the weakest level since September 26.
On the week, silver futures lost 3.07%.
Meanwhile, copper for December delivery shed 1.8% over the week to settle at USD3.567 a pound by close of trade Friday.
Growing fears over the health of the global economy have dampened the appeal of the industrial metal in recent sessions.


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