Gold up on day; adds $32 on week
by Elaine Frei
Gold prices were up for the fourth day in a row in New York on Friday.
February gold added $4.10 to $897.70 per troy ounce after going as high as $900.10 per troy ounce during the morning session.
The metal, which was up on a weaker dollar and the chances that the US Federal Reserve will cut interest rates when it meets later in the month, saw a gain of $32 over the week.
Other precious metals also saw gains as March silver was 10 cents higher to $16.38 per troy ounce while April platinum advanced to $1,568.20 per troy ounce and March platinum gained just over 2 cents to $381.30 per troy ounce.
Meanwhile, copper was trading up 2 cents to $3.30 per pound about half an hour before the close of floor trade on the Comex division of the New York Mercantile Exchange.
Add to Bookmarks:
Related posts to: Gold up on day; adds $32 on week
Gold adds $8 in New York to end week ...
Silver adds 2.2 percent on week ...
Copper adds 1.4 percent as Chile strike continues ...
Gold adds almost $15 to $808.50 in New York ...
Gold adds $6 on oil prices ...
Latest Metals News:
Gold gains on investor search for safety Copper prices gain on demand hopes EMED Mining acquires 100% of Andalucian copper mine Gold gains on safe-haven status Gold prices lower as equities recover Copper drops 17 cents in New York Bailout uncertainty slows copper trade Nickel prices drop on higher inventories Copper prices fall in London, New York Copper declines on profit-taking, bailout concernsPrevious: « Rare earth coins pushed as investments
Next: Philippine paramilitaries attack Xstrata mine »
Visited 1483 times, 2 so far today