Bullion & Business Weekend Report - July 11

Courtesy Topix - Business News  Sat, 07/11/2009 - 11:47

Tumbling oil prices and a stronger U.S. dollar helped reduced gold's appeal as the yellow metal, along with silver, fell for a second straight week.

Platinum plunged for the fifth week.

Oil dropped below $60 a barrel, recording the biggest weekly loss in six months.

The Dow, S&P 500 and major European indexes closed lower for their fourth straight week and the Nasdaq declined for the third of four weeks.


 

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