Gold, most other metals prices gain on weaker US dollar

The price of gold was up Friday, to a four-month high, on concerns about debt issues in Europe as the precious metal was seen as a better place to put cash after the US dollar weakened.

May contracts for gold added $11.70 to $1,180.10 per troy ounce in New York, a gain of around 2.3 percent this week that sent advances to 6 percent for the month of April.

Other precious metals were also higher as May silver added 6 cents to $18.61 per troy ounce, May platinum was up $11.40 to $1,745.10 and June palladium was $6.75 higher to $555.75 per troy ounce.

Weakness in the US dollar that produced more investment demand for commodities in general sent copper prices higher, as did hopes that a bailout package fore Greece will be finalized soon, with May copper adding less than a cent to $3.34 per pound in New York while three-month copper on the London Metal Exchange gained $45 to $7,400 per tonne on the session.

Among other base metals aluminium, nickel, tin and zinc were also higher, but lead prices were down on the session.