Business and Bullion Weekend Report - November 7

Courtesy Topix - Business News  Sat, 11/07/2009 - 13:00

Precious metals rallied this week following a weaker US dollar that was pushed lower by a series of economic reports, including the Labor Department's higher than expected unemployment figures of 10.2 percent - a more than 26-year high.

Gold reached an all-time high and silver soared. Crude oil tumbled on Friday by nearly 3 percent but still managed to post a small weekly gain.

In stocks for the week, European indexes were higher and the three major US indexes advanced more than 3 percent.

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