July 25, 2009
Gold price, Silver price, profit-taking, COMEX, New York Mercantile Exchange
Gold futures on the COMEX Division of the New York Mercantile Exchange fell slightly on Friday as investors booked profits after the precious metal hit a six-week high in the previous session. Silver and platinum both gained.
Gold price for August delivery lost 1.70 U.S. dollars, or 0.2 percent, to finish at 953.10 dollars an ounce.
Analysts indicated that gold's failure to create another new high on Friday disappointed investors, who opted to take profits ahead of weekend to avoid uncertainty risk. On Thursday, gold touched as high as 957.50 dollars an ounce, the strongest level since June 11.
The modest gain in crude oil and softer tone in the dollar index gave the yellow metal some support and limited the loss.
September silver finished at 13.875 dollars per ounce, up 10.5 cents. October platinum rose 3.40 dollars to 1191.40 dollars an ounce.