Price of gold and silver continued to drift lower on Friday

Prices of precious and base metals continued to drift lower on Friday in European trading hours, though selling was not as extreme as the prior, brutal session. Gold futures for December delivery fell $2.30 to $1,739.40 an ounce in electronic trading after settling around $1,741.70 on Thursday. The dollar index , which measures the U.S. currency against a trade-weighted basket of six other currencies, fell to 78.320 from 78.549 in late trading Thursday.

December copper  fell 22 cents, or 6%, at $3.27 a pound, after settling at $3.49 the prior session — the lowest settlement since mid-September 2010. Silver for December delivery  dropped $1.68, or 4.6%, to $34.88 an ounce, while platimum for October delivery   fell $15.50 to $1,695 an ounce and palladium for December delivery   slid $13.06, or 2%, to $651 an ounce. – Source:  MarketWatch.com

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Posted by VBN on Sep 24 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry