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Sunday, November 06, 2011

Gold Prices Dip Friday but Log Weekly Gains, Silver Falls for Both

 

Fine Gold BarsGold prices edged lower Friday, snapping a two-day winning streak. Still, the yellow metal registered a modest weekly gain of $8.90, or 0.5 percent, while other precious metals retreated.

In closing the week, gold prices declined $9.00, or 0.5 percent, to$1,756.10 an ounce in the December futures contract on the Comex in New York. The yellow metal ranged from an intraday low of $1,749.80 to a high of $1,766.50.
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