Precious metals were pressured this week with the U.S. dollar pushing higher. London gold and silver fell after gaining last week. Platinum declined for week four. New York crude-oil and U.S. stocks tumbled Thursday in a holiday shortened week while European stocks were split Friday but closed down on the week as well.

In London weekly changes, gold slid 1.0 percent, silver plunged 5.8 percent, and platinum fell 1.5 percent. Precious metal figures follow:

Silver closed Friday to $13.44 an ounce, falling 82 cents this week.

Gold was fixed at $932.50 an ounce, declining $9.50 on the week.

Platinum fell to $1,185.00 an ounce, slipping $18.00 for the week. Read the rest of this entry »

Precious metals split this week and experienced narrow movements. Gold appeared slightly more attractive to investors as the U.S. dollar showed weakness. The yellow metal in London ended higher for the first week in four while silver marked its first gain in three. Platinum, however, retreated for week three.

In other markets, crude-oil fell below $70 to register a second week of losses while U.S. stocks finished mixed. Major European indexes moved lower.

In London for the week, gold modestly climbed 0.7 percent, silver inched 0.2 percent higher, and platinum slid 0.7 percent. Precious metal figures follow:

Silver closed Friday to $14.26 an ounce, gaining 3 cents this week.

Gold was fixed at $942.00 an ounce, rising $6.75 on the week.

Platinum fell to $1,203.00 an ounce, declining $9.00 for the week. Read the rest of this entry »

Precious metals declined on the week with a strong U.S. dollar once again taking most of the blame. London gold slid lower for week three while silver and platinum retreated for week two. In other markets, crude-oil slipped, breaking four weeks of gains as U.S. and European stocks also declined on the week.

In London, gold lost 0.2 percent, silver plunged 5.6 percent, and platinum slid 2.3 percent this week. Precious metal figures follow:

Silver closed Friday to $14.23 an ounce, falling 84 cents this week.

Gold was fixed at $935.25 an ounce, dropping $2.00 on the week.

Platinum fell to $1,212.00 an ounce, declining $29.00 for the week. Read the rest of this entry »

Precious metals were under fire this week as strength in the U.S. dollars made buying — especially in gold — less appealing. London gold ended lower for the second straight week after advancing during the prior four. In other markets, crude-oil surged for the fourth straight week while U.S. stocks marked modest gains. European stocks were mixed.

For the week in London, gold lost 2.6 percent, silver fell 3.7 percent, and platinum slid 2.7 percent. The precious metal figures follow:

Silver closed Friday to $15.07 an ounce, falling 58 cents this week.

Gold was fixed at $937.25 an ounce, dropping $24.75 on the week.

Platinum fell to $1,241.00 an ounce, declining $34.00 on the week. Read the rest of this entry »

With the exception of gold, markets were generally positive on the week. As silver advanced and platinum surged, the yellow metal in London closed lower for the first time in five weeks. Outside of precious metals, crude-oil marked a third week of gains while U.S. stocks continued their upward trends. European stocks finished higher for the week as well.

For the week in London, gold lost 1.4 percent, silver gained 0.8 percent, and platinum soared 8.5 percent. London precious metal figures follow:

Silver closed Friday to $15.65 an ounce, rising 13 cents this week.

Gold was fixed at $962.00 an ounce, falling $13.50 for the week.

Platinum surged to $1,275.00 an ounce, rising $100.00 on the week. Read the rest of this entry »

Markets were on fire this week and month. In terms of monthly heights, silver streaked ahead in New York to post its biggest monthly gain since April 1987, rising 27 percent. Gold rallied as well, advancing 9.8 percent. In black gold, crude-oil recorded its best monthly gain in 10 years. U.S. stocks made noise too, rising for three straight months.

For the week in London, gold rose 1.6 percent, silver soared 5.9 percent, and platinum jumped 2.3 percent. Precious metal spot figures follow:

London silver closed Friday to $15.52 an ounce, soaring 86 cents this week and an impressive $2.89 for the month.

London gold was fixed at $975.50 an ounce, rising $15.75 for the week while gaining $92.25 in May.

London platinum advanced to $1,175.00 an ounce, rising $26.00 on the week and increasing $82.00 for the month. Read the rest of this entry »

It was a banner week for precious metals and oil. London gold rose 3.3 percent, silver surged 5.3 percent, platinum jumped 3.6 percent and crude-oil soared 8.2 percent. U.S. stocks gained as well. The Dow and S&P rose for a ninth weekly gain in eleven weeks and the Nasdaq is up for ten of the past eleven weeks. European stocks were higher as well.

Spot precious metals figures follow:

London silver closed Friday to $14.66 an ounce, soaring 74 cents this week.

London gold was fixed at $959.75 an ounce, rising $30.25 for the week.

London platinum climbed to $1,149.00 an ounce, rising $40.00 on the week. Read the rest of this entry »

Commodities split directions this week. London gold rose 2.5 percent and silver gained 0.1 percent while platinum fell 3.5 percent and crude-oil ended down for the first week in four. U.S. stocks retreated as well, marking the first weekly decline in all three major indexes in 10 weeks. European stocks also ended lower.

Spot precious metals figures follow:

London silver ended Friday at $13.92 an ounce, gaining 2 cents week.

London gold was fixed at $929.50 an ounce, rising $22.50 for the week.

London platinum fell to $1,109.00 an ounce, dropping $40.00 on the week. Read the rest of this entry »

Precious metals surged this week, with London gold rising 2.5 percent, silver soaring 14.4 percent, and platinum jumping 6.8 percent. In black gold, crude-oil closed at its highest point this year to near $59 a barrel. The Dow and S&P climbed to extend gains for eight of the last nine weeks while the Nasdaq increased its winning streak to nine straight weeks. European stocks ended higher as well.

Spot precious metals figures follow:

London silver ended Friday at $13.90 an ounce, soaring $1.75 this week.

London gold was fixed at $907.00 an ounce, rising $22.50 for the week.

London platinum surged to $1,149.00 an ounce, gaining $73.00 on the week. Read the rest of this entry »

Precious metals moved lower this week. London gold lost 2.5 percent, silver fell 4.9 percent, and platinum plummeted 8.4 percent. Crude-oil rallied to its highest close since the end of March, pushing above $53 a barrel. The blue-chip Dow and the S&P returned to positive territory after breaking away from a prior a six-week winning streak. The Nasdaq is now up for week eight. European stocks closed higher.

Spot precious metals figures follow:

London silver ended Friday at $12.15 an ounce, falling 63 cents this week.

London gold was fixed at $884.50 an ounce, losing $23.00 for the week.

London platinum fell to $1,076.00 an ounce, plunging $99.00 on the week. Read the rest of this entry »