| Gold prices ended up Friday, just a few dollars off their weekly low, but managed to hold on to the $1,200 an ounce level as a stronger U.S. dollar and low liquidity in the marketplace created some week-end selling pressure, Friday. Gold ended the week in negative territory, after two consecutive weeks of positive gain. Comex June gold futures ended Friday at $1,204 an ounce, down more than 1.5% from Monday’s opening price.
At the same time the silver market underperformed as Comex July silver futures settled Friday at $17.111, down more than 2.4% for the week. The selloff in the gold market started on Tuesday as a five-day rally lost momentum to a surging U.S. dollar. Looking ahead, the price forecast appears at best mixed. The Kitco weekly gold survey saw a drop in enthusiasm as most Main Street voters are negative on gold prices next week but most analysts are bullish...............................................Full Article: Source
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