Comex gold and silver futures rose amid thin conditions Friday
Comex gold futures rose amid thin conditions Friday to close at six-day high, respectively, Dow Jones reports.
The most-active August gold contract
settled $1.80 higher at $422.40 per
The retreat seen in the U.S. dollar versus other currencies was the main supportive influence for the precious metals Friday by sustaining consumer and speculative demand for the dollar-priced assets.
However, the thin conditions prevailing ahead of the three-day weekend was
deemed the key factor behind the late progress as fewer players were around to provide liquidity to the market.