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.
Business & Bullion Weekly Report - April 24, 2010
U.S. stocks rallied, lifted by an unexpected 27 percent jump in new home sales for March - the biggest increase since 1963. The Dow, Nasdaq and S&P 500 closed with fresh 2010 highs. Major...
Business & Bullion Weekend Report - Dec. 19
Gold gained on Friday but recorded another weekly decline as a stronger US dollar, which hit a three-month high this week, pulled prices down. Bullion generally moves opposite of the...
Business & Bullion Weekend Report - Oct. 31
Precious metals retreated on the week as prices fell following a stronger US dollar. New York crude oil dropped the most in a month on Friday, yet still managed an October rise of 9 percent....
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