Precious metals were up and down through much of the week as the US dollar mostly set gold’s direction. While metal futures finished with higher weekly gains in New York, silver was the standout in London logging a 1.2% loss. Oil slipped to a one-month low Friday following weaker than expected US consumer confidence numbers. In stocks, European indexes ended mixed on Friday but higher on the week while US indexes were positive both ways, enjoying a second consecutive up week.

In London bullion weekly figures, gold rose 0.7 percent, silver fell 1.2 percent and platinum advanced 0.9 percent. Friday precious metals prices follow:

London silver closed to $17.32 an ounce, falling 20 cents from last Friday’s close. New York December silver futures ended at $17.38 for a weekly advance of a half penny.

London gold was fixed at $1,104.00 an ounce, rising $7.25 this week. New York gold for December delivery finished at $1,116.70 for five-day gain of $21.00.

London platinum ended at $1,359.00 an ounce, climbing $12.00 since last Friday’s close. New York platinum for January delivery ended at $1,388.70, surging $40.50 on the week. Read the rest of this entry »

Precious metals rallied this week following a weaker US dollar that was pushed lower by a series of economic reports, including the Labor Department’s higher than expected unemployment figures of 10.2 percent — a more than 26-year high. Gold reached an all-time high and silver soared. Crude oil tumbled on Friday by nearly 3 percent but still managed to post a small weekly gain. In stocks for the week, European indexes were higher and the three major US indexes advanced more than 3 percent.

In London bullion weekly figures, gold jumped 5.5 percent, silver surged 5.8 percent and platinum rose 2.0 percent. Friday precious metals prices follow:

London silver closed to $17.53 an ounce, rising 95 cents from last Friday’s close. New York December silver futures ended at $17.375 for a weekly increase of $1.12.

London gold was fixed at $1,096.75 an ounce and rose $56.75 this week. New York gold for December delivery finished at $1,095.70 for a weekly advance of $55.30.

London platinum ended at $1,347.00 an ounce, climbing $27.00 since last Friday’s close. New York platinum for January delivery ended at $1,348.20, gaining $21.90 on the week. Read the rest of this entry »

Precious metals retreated on the week as prices fell following a stronger US dollar. New York crude oil dropped the most in a month on Friday, yet still managed an October rise of 9 percent. US stocks also declined sharply Friday to mark their worst one-day slide since April. The Dow, S&P and Nasdaq registered respective weekly losses of 2.6 percent, 4.0 percent, and 5.1 percent. European stocks declined as well.

In London bullion weekly figures, gold fell 2.0 percent, silver shot down 6.1 percent and platinum retreated 3.8 percent. Friday precious metals prices follow:

London silver closed to $16.57 an ounce, plummeting $1.08 from last Friday’s close. New York December silver futures ended at $16.255 for a $1.47 weekly plunge.

London gold was fixed at $1,040.00 an ounce for a $21.75 loss on the week. New York gold for December delivery finished at $1,040.40 for a weekly decline of $16.00.

London platinum ended at $1,320.00 an ounce, falling $52.00 since last Friday’s close. New York platinum for January delivery ended at $1,326.30 for a $43.20 weekly retreat. Read the rest of this entry »

Precious metals enjoyed modest gains on the week as the US dollar was the predominating driver of where prices went. A weaker greenback on Friday combined with lower crude oil prices helped gold slide slightly from earlier week highs. Oil did jump nearly 3.5 percent this week while gasoline prices at the pump were almost 13 cents higher than last Saturday.

In other markets, US stocks declined for the first week in three while European indexes finished mixed with the London FTSE advancing.

In London bullion weekly figures, gold climbed 1.4 percent, silver rose 2.0 percent and platinum jumped 2.4 percent. Friday precious metals prices follow:

London silver closed to $17.65 an ounce, rising 34 cents from last Friday’s close. New York December silver futures ended at $17.723 for a 30.3 cent weekly increase.

London gold was fixed at $1,061.75 an ounce for a $14.25 gain on the week. New York gold for December delivery finished at $1,056.40 for a weekly gain of $5.70.

London platinum ended at $1,372.00 an ounce, advancing $32.00 since last Friday’s close. New York platinum for January delivery ended at $1,369.50 for a $21.00 weekly rise. Read the rest of this entry »

Precious metals were mixed on the week, moving narrowly from last week’s soaring prices. For the week in London, gold and silver edged slightly lower while platinum inched higher. In New York futures, gold and platinum climbed several dollars while silver ended down nearly 30 cents.

In other markets on Friday, New York oil futures gained for a seventh straight day and closed to a record one-year high. US stocks declined slightly, but enjoyed weekly gains as did European stocks.

In London bullion weekly figures, gold slipped 0.4 percent, silver fell 1.8 percent and platinum advanced 0.2 percent. Friday precious metals prices follow:

London silver closed to $17.31 an ounce, falling 32 cents from last Friday’s close. New York December silver futures ended at $17.42 for a 27 cent loss.

London gold was fixed at $1,047.50 an ounce, for a $4.00 loss on the week. New York gold for December delivery finished at $1,050.70 for a $2.10 gain.

London platinum ended at $1,340.00 an ounce, advancing $3.00 since last Friday’s close. New York platinum for January delivery ended at $1,348.50 for a $16.90 gain. Read the rest of this entry »

Gold, silver and platinum prices soared on the week as the US dollar showed weakness. The metals on Friday, however, fell slightly in New York after the dollar was boosted following Federal Reserve Chairman Ben Bernanke’s comments that the monetary policy would tighten eventually.

In other markets, New York oil futures closed higher and surged 2.6 percent since last Friday while US stocks finished with their best weekly gains since July, breaking a two-week losing streak. European stocks enjoyed weekly gains as well.

In London bullion weekly figures, gold rose 4.8 percent, silver soared 8.8 percent and platinum advanced 5.4 percent. Friday precious metals prices follow:

London silver closed to $17.63 an ounce, rising $1.42 from last Friday’s close. New York December silver futures ended at $17.69.

London gold was fixed at $1,051.50 an ounce, for a $48.00 on the week. New York gold for December delivery finished at $1,048.60.

London platinum ended at $1,337.00 an ounce, advancing $68.00 since last Friday’s close. New York platinum for October delivery ended at $1,331.60. Read the rest of this entry »

Precious metals were mixed with mostly narrow weekly movement as the metals followed the ups and downs of the US dollar. In London, gold gained $12 on the week while platinum lost $12. Silver shifted a penny higher. New York oil futures turned lower on Friday but still surged 5.7 percent for the week. US stocks marked their second weekly decline. European stocks fell as well.

In weekly London bullion figures, gold rose 1.2 percent, silver climbed 0.1 percent and platinum fell 0.9 percent. Friday precious metals prices follow:

London silver closed to $16.21 an ounce, gaining a penny from last Friday’s close. New York December silver futures ended at $16.23.

London gold was fixed at $1,003.50 an ounce, for a gain of $12.00 on the week. New York gold for December delivery finished at $1,004.30.

London platinum fell to $1,269.00 an ounce, a loss of $12.00 for the week. New York platinum for October delivery closed at $1,275.60. Read the rest of this entry »

Precious metal prices turned south, ending the week down for the first time since mid-July. In notable declines, gold retreated below $1,000 an ounce, silver slipped toward $16, and platinum dropped under $1,290. New York oil futures turned higher on Friday but plunged 8% for the week. US and European stocks finished lower as well, with the former falling from recent one-year highs and the latter sliding to more than a two-week low.

In weekly London bullion figures, gold fell 2.0 percent, silver plummeted 5.3 percent and platinum sank 4.2 percent. Friday precious metals prices follow:

London silver closed to $16.20 an ounce, dropping 91 cents from last Friday’s close. New York December silver futures ended at $16.06.

London gold was fixed at $991.50 an ounce, for a decline of $20.50 on the week. New York gold for December delivery finished at $991.60.

London platinum fell to $1,281.00 an ounce, a loss of $56.00 for the week. New York platinum for October delivery closed at $1,284.60.
Read the rest of this entry »

London precious metals marked gains for a fourth straight week, although gold and silver increases were much less pronounced compared to the previous two weeks. New York crude futures lost 43 cents on Friday but surged 4 percent on the week. U.S. stocks reached new one-year highs. European stocks climbed as well.

In weekly London bullion figures, gold rose 0.4 percent, silver gained 1.3 percent and platinum advanced 3.5 percent. Precious metals figures on Friday follow:

London silver closed to $17.11 an ounce, rising 22 cents from last Friday’s close and increasing its ‘09 high. New York silver futures for December delivery ended at $17.07.

London gold was fixed at $1,012.00 an ounce, for a $3.75 gain on the week. New York gold for December delivery finished at $1,010.30, down from an 18-month high reached on Thursday.

London platinum climbed to $1,337.00 an ounce, a $45.00 increase for the week. New York platinum for October delivery closed at $1,338.20. Read the rest of this entry »

Precious metals prices jumped for a third straight week with silver again rising the most while gold topped the psychological $1,000 an ounce barrier. New York crude futures tumbled Friday yet pulled out a weekly gain of nearly 2 percent. U.S. stocks marked a positive week (despite Friday losses) as did European stocks.

In weekly London bullion figures, gold gained 1.9 percent, silver jumped 5.9 percent and platinum advanced 3.4 percent. Precious metals figures on Friday follow:

London silver closed to $16.89 an ounce, surging 94 cents from last Friday’s close and maintaining ‘09 highs. New York silver futures for December delivery ended at $16.70.

London gold was fixed at $1008.25 an ounce, for a $19.25 gain on the week. It is the highest price for the yellow metal since March 17, 2008. New York gold for December delivery finished at $1,006.40.

London platinum climbed to $1,292.00 an ounce, a $42.00 increase for the week. New York platinum for October delivery closed at $1,320.70. Read the rest of this entry »