Precious Metal Prices Drifts Lower

By Glenn Dyer | More Articles by Glenn Dyer

Gold futures fell Friday to settle at their lowest in more than two weeks on Friday, to be also down over the week as the US-China trade war burbled along and American consumer confidence rose strongly.

June Comex gold futures slid lost $US10.50, or 0.8%, to settle at $US1,275.70 an ounce.

That left gold down 0.9% for the week.

Comex July silver dropped 15.1 cents, or 1%, to $US14.388 an ounce, for a weekly loss of 2.7%.

Comex July copper fell 0.4%, to $US2.739 a pound. It fell by 1.3% for the week.

July platinum settled at $US820.30 an ounce, trading down $US13.30, or 1.6%, for a weekly loss of over 5%.

June palladium lost $18.90, or 1.4%, to $US1,305.80 an ounce, for a weekly loss of 3.3%.

About Glenn Dyer

Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey.

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