Gold set for minor weekly gain
Friday, February 08, 2013 Gold set for minor weekly gain Gold futures stuck to a tight range Friday, trading above $1,670 U.S. an ounce, poising themselves to end the week with a minor gain with a slightly weaker dollar providing support, though a rise in U.S. equities helped lure investors away from the precious metal. Meanwhile, strategists said platinum may be poised to further outperform gold. Gold for April delivery added $1.50, or 0.1%, to $1,672.80 U.S. an ounce on the Comex division of the New York Mercantile Exchange. It traded between $1,665.80 and $1,674.30 U.S. For the week, prices are trading around 0.1% higher than the $1,670.60 U.S. they closed at a week ago. March silver traded at $31.61 U.S. an ounce, up 20 cents, or 0.6%. For the week, it was down 1.1%. April platinum futures rose $7.80, or 0.5%, to $1,730.10 U.S. an ounce, trading about 2.5% higher than a week ago. In other metals, palladium futures added $4.80, or 0.6%, to $755.25 U.S. an ounce, set for a 0.3% loss on the week. High-grade copper futures rose four cents, or 1.1%, to $3.77 U.S. a pound, down about 0.4% for the week.
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