Gold, silver, copper all down on week

Despite gains later in the week, prices on metals were not able to recover from sell-offs early in the week as investors worried about inflation and interest rates.

The price of gold gained $7 on Friday to trade at $573.50/$574.20 per troy ounce. Even though it managed to gain 5 percent from early-week lows, it was still 5 percent lower over the week. Silver lost 10 percent on the week as a while to trade at $10.04/$10.14 per troy ounce.

Copper was up by $30 to $7,025 per tonne on Friday on the London Metal Exchange, but it still ended the week lower by $175. It remains to be seen where prices will go after a Sunday contract vote by workers at the world’s largest copper mine, where BHP Billiton and Rio Tinto are the biggest shareholders.