Gold adds over $10 on weak dollar
by Elaine Frei
Precious metals were higher in New York on Friday after the US dollar retreated yet again versus the euro.
December gold was $10.10 higher to $750 per troy ounce after going as high as $752.80 per troy ounce, the highest level for a most-active contract since January 1980 and bringing gold’s gains to 10 percent in September and to 18 percent on the year so far.
Silver for December delivery added 28 cents to $13.92 per troy ounce, now 7.6 percent higher than at the beginning of the year.
January platinum was significantly higher, adding $25.20 to $1,398.20 per troy ounce.
Among base metals, December copper was 1 cent lower to $3.64 per pound in New York and three-month copper in London traded even at $8,020 per tonne on lower consumer confidence in the US in September and on an upcoming strike planned for next week.
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