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Bullish Week for Gold, Silver, and Other Metals
Setting palladium aside, precious metals edged lower on Friday, as both gold and silver retreated from their multi-week highs. Nevertheless, they all achieved weekly gains, with the range extending from nearly 2.5% for gold to over 8% for palladium. Gold for December delivery shed $2.60, or 0.1%, to settle at $1,984.70 an ounce on the Comex division of the New York Mercantile Exchange. In the prior session, the yellow metal registered its best settlement since Nov. 6. "There is a strong potential for gold to continue to rally a bit more but prices have to move a bit lower, before the next leg up in the rally and ... (full story)