LONDON (Coin News) - Palladium has advanced, adding to its weekly increase, but gold, silver and platinum marked another day and week of losses. The three declining metals also posted new settlement lows — five-month for gold, near two-year for silver, and over 19-month for platinum. Platinum has now fallen for four straight weeks. Gold and silver extended their weekly slides to three in a row.
On Friday, gold for August delivery shed $5.80, or 0.3%, to settle at $1,801.50 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since the yellow metal ended at the same price on Feb. 1.
Gold prices fell 1.6% this week following losses of 0.6% last week and 1.9% in the week ending June 17. On Thursday, they marked a June decline of 2.2%. Now, gold prices are 1.5% lower on the year.