Record Sterling Gold Price as UK Economy Weakens

IBTimes reports that gold, palladium and platinum were up as silver dropped on Friday due to a weakening economy in the UK.

The market news is quoted as saying,

Last Friday’s weak US employment data pushed gold prices up, with the most actively traded Comex gold contract – for August delivery – settling up $9.70 (0.6%), at $1,542.40 per troy ounce. Though platinum and palladium futures also settled up for the day, silver was hurt by the weakening economic sentiment, with the silver Comex contract for July delivery closing down 1.1 cents at $36.191 per ounce.

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