Friday, December 9, 2011

Gold Futures Post 2.0% Weekly Loss, Silver Dips 1.3%

Gold and silver futures advanced Friday amid weakness in the U.S. dollar, but
nonetheless finished in negative territory for the week. COMEX gold futures, per
the February 2012 contract, settled higher by a modest $3.40, or 0.2%, at
$1,716.80 per ounce. For the week, however, the yellow metal slid 2.0% marking
its third decline in the past four weeks. Silver futures for February 2012
delivery on the COMEX climbed $0.71, or 2.3%, to $32.25 per ounce.

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