Friday, August 31, 2007
Gold adds $8 in New York to end week
Story link: Gold adds $8 in New York to end week
by Elaine Frei
by Elaine Frei
Prices for precious metals were higher on Friday on hopes that rallying equities markets will support demand.
In New York, December gold added $8.00 to $681.90 per troy ounce for a gain of 0.6 percent over the week after the US dollar weakened versus the euro, falling to a three-week low before rebounding in relation to the shared currency.
December silver was up 27 cents to $12.23 per troy ounce for a gain of 2.3 percent on the day and 1.1 percent for the week, while it remained 5.5 percent lower for the year so far.
October platinum, meanwhile, gained $11.50 to $1,271.60 per troy ounce.
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