london gold

Bullion prices fell this week, with gold and silver marking a second consecutive monthly decline in both New York and London.

Gold's fall has been driven significantly by a rising US dollar, which has climbed 2 percent against other world currencies in January ...

US and European stocks stocks ended lower for the week and the month. The major US indexes fell between 3.5 and 5.4 percent in January ...

Precious metals were mixed on the week, moving narrowly from last week's soaring prices. For the week in London, gold and silver edged slightly lower while platinum inched higher.

In New York futures, gold and platinum climbed several dollars while silver ended down nearly 30 cents.

In other markets on Friday, New York oil futures gained for a seventh straight day and closed to a record one-year high.

US stocks declined slightly, but enjoyed weekly gains as did European stocks.

Precious metals were pressured this week with the U.S. dollar pushing higher. London gold and silver fell after gaining last week.

Platinum declined for week four. New York crude-oil and U.S. stocks tumbled Thursday in a holiday shortened week while European stocks were split Friday but closed down on the week as well.

Precious metals declined on the week with a strong U.S. dollar once again taking most of the blame. London gold slid lower for week three while silver and platinum retreated for week two.

In other markets, crude-oil slipped, breaking four weeks of gains as U.S. and European stocks also declined on the week.

Precious metals were under fire this week as strength in the U.S. dollars made buying - especially in gold - less appealing.

London gold ended lower for the second straight week after advancing during the prior four. In other markets, crude-oil surged for the fourth straight week while U.S. stocks marked modest gains.

It was a banner week for precious metals and oil. London gold rose 3.3 percent, silver surged 5.3 percent, platinum jumped 3.6 percent and crude-oil soared 8.2 percent.

U.S. stocks gained as well. The Dow and S&P rose for a ninth weekly gain in eleven weeks and the Nasdaq is up for ten of the past eleven weeks.

European stocks were higher as well.

Commodities split directions this week. London gold rose 2.5 percent and silver gained 0.1 percent while platinum fell 3.5 percent and crude-oil ended down for the first week in four.

U.S. stocks retreated as well, marking the first weekly decline in all three major indexes in 10 weeks. European stocks also ended lower.