(From GoldAlert.Com)
COMEX gold futures, per the April contract, settled lower Friday by $2.10, or 0.2%, at $1,360.40 per ounce. In spite of today’s dip, gold futures rose for the second consecutive week, with a gain of $11.40, or 0.8%. Gold’s fractional decline on Friday coincided with a marginal gain in the U.S. Dollar Index (DXY). The DXY rose 0.2% to 78.41 after Egyptian President Hosni Mubarak announced his resignation, effective immediately. March silver futures fell $0.10, or 0.3%, to $29.99 per ounce, but managed a weekly gain of 4.4%. Copper futures inched lower by $0.01 on Friday, to post a weekly loss of 0.9%. Platinum retreated $17.30, or 0.9%, to $1,813.50 per ounce, extending its weekly drop to 1.8%. Palladium lost $6.20, or 0.8%, to $814.70 per ounce, giving it a weekly decline of 0.2%.
http://www.goldalert.com/2011/02/gold-futures-dip-still-post-weekly-gain/
COMEX gold futures, per the April contract, settled lower Friday by $2.10, or 0.2%, at $1,360.40 per ounce. In spite of today’s dip, gold futures rose for the second consecutive week, with a gain of $11.40, or 0.8%. Gold’s fractional decline on Friday coincided with a marginal gain in the U.S. Dollar Index (DXY). The DXY rose 0.2% to 78.41 after Egyptian President Hosni Mubarak announced his resignation, effective immediately. March silver futures fell $0.10, or 0.3%, to $29.99 per ounce, but managed a weekly gain of 4.4%. Copper futures inched lower by $0.01 on Friday, to post a weekly loss of 0.9%. Platinum retreated $17.30, or 0.9%, to $1,813.50 per ounce, extending its weekly drop to 1.8%. Palladium lost $6.20, or 0.8%, to $814.70 per ounce, giving it a weekly decline of 0.2%.
http://www.goldalert.com/2011/02/gold-futures-dip-still-post-weekly-gain/
