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Gold and Platinum Score Fourth Straight Weekly Wins

From coinnews.net

Palladium declined Friday as gold, silver and platinum gained. All the metals posted robust weekly increases, however. In milestones, platinum ended the day at another two-month high while gold closed at a more than six-week high. The pair have advanced for four straight weeks. Closing higher for the fifth time in six sessions, gold for December delivery rose $8.30, or 0.5%, to settle at $1,815.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the best since Jun 29. “Currently the gold market is seeing some short-covering and is supported by lower yields,” Reuters quoted Bart ... (full story)

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  • Category: Fundamental Analysis