Business & Bullion Weekend Report - Dec. 19

Courtesy Topix - Business News  Sat, 12/19/2009 - 15:05

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 greenback. Silver and platinum managed modest gains in New York, but retreated in London.

The dollar's strength was also cited as a catalyst in curbing investor appeal toward riskier assets, as in stocks.

Major US and European indexes were mixed on the last full trading week in 2009.


 

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