Base metals up on week despite Friday declines

In the metals markets, gold was at a six-week low on Friday as it traded at $606.20 per troy ounce at one point before recovering by the close of the session in London to $609.00/$610.00, still a decline of 2.4 percent during the week. Silver was trading at $12.12/$12.19 per troy ounce at the close of the day on Friday.

Base metals, however, were up for the week despite declines on Friday. Copper added 3 percent during the week even though it was down $85 dollars on Friday to $7,830 per tonne on the London Metal Exchange. Likewise, aluminium was up nearly 6 percent this week even though it dropped $30 on Friday, to $2,640 per tonne.