Bullions end higher on Friday
Mixed finish on a weekly basis though
Bullion metal prices ended higher on Friday, 19 July 2013. Gold futures climbed on Friday to score a gain of more than 1% for the week and finish the session at their highest level in a month. Prices were boosted by a higher dollar and equities and concerns in the wake of Detroit's bankruptcy filing as investors continued to digest comments this week from the Federal Reserve's chairman.
Gold for August delivery gained $8.70, or 0.7%, to settle at $1,292.90 an ounce on the Comex division of the New York Mercantile Exchange. Prices finished the week 1.2% higher.
Sept silver touched a session low of $19.32 per ounce as floor trade opened but quickly recovered into positive territory. It then chopped around just above the unchanged line and eventually settled 0.2% higher at $19.45 per ounce. Unlike gold, silver lost 1.8% over the week.
On Friday, Wall Street's session featured disappointing earnings from technology heavyweights, Google and Microsoft. The Nasdaq settled lower by 0.7% as earnings and revenue misses from the two major components weighed on the tech-heavy index.
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