settled $1.80 higher at $422.40 per
ounce.
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.
104
Gold, Silver Rose Amid Thin Conditions
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
ounce.
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.
settled $1.80 higher at $422.40 per
ounce.
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.
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