Precious metals inched up on Friday on support from a weak dollar and strong euro
Precious metals inched up on Friday on support from a weak dollar and strong euro.
Traders also noted strong buying from funds amid light conditions that moved the market to higher levels on Friday.
The front-month August gold contract rose $2.50 to $429.90 an ounce at the New York Mercantile Exchange?s Comex division. During the session, the contract reached a $430.50 an ounce.
The December contract settled up $2.50 at $435.80 after reaching a monthly high at $436.50.