Precious metals were mixed this week after an active gold market was favored by a weakening US dollar, losing Dow and record-breaking oil prices. London silver and gold enjoyed Monday through Friday profits, rising 1.2 percent and 1.6 percent respectively. Platinum dropped slightly by -0.3 percent.
Silver closed to $17.40 an ounce, a loss of 4 cents compared to last Friday’s close.
London Platinum closed the week to $2,053, which was down $15 compared to its previous Friday close.
Gold closed Friday to $920 an ounce, gaining $12 from last Friday.
"Current speculative focus revolves around $925 but $936 to $945 remains the more significant value zone to overcome," said Jon Nadler, senior analyst with Kitco Bullion Dealers.
"Such an achievement depends in large part on whether crude oil heads for $150 prior to (ahemmm…)Independence Day or not."
The silver, gold and platinum weekly charts and comparisons from last week are below. The weekly business recap video from Reuters and three related precious metal articles are listed as well.
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