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Saturday, June 04, 2011

Gold Prices Close Higher on Week, Silver Drops 4.4%

 

Fine Gold BarsU.S. gold prices settled modestly higher this week, boosted by safe-haven buying on the back of poor U.S. economic data. Gold registered a 0.3 percent weekly gain, ending above $1,542 an ounce.

Other precious metals to advance since last Friday included platinum at 1.3 percent and palladium at 3.1 percent. Silver continued is slide of the last three days and closed with a weekly loss of 4.4 percent.
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