NEW YORK(BullionStreet): Gold closed the week with a one percent gain while silver ended losing 0.4% for the week.
Gold for April delivery, the most actively traded contract, gained $1.90 or 0.1 percent to close at $1,592.60 an ounce Friday on the Comex division of the New York Mercantile Exchange.
Gold also found support with the dollar continuing to weaken against a basket of major currencies. May silver also tacked on 4 cents, or nearly 0.2%, to end at $28.85 an ounce.
Among other precious metals, April platinum rose $2.60, or 0.2%, to $1,592.40 an ounce, almost at total parity with gold prices.
Platinum prices fell 0.7% from a week ago. June palladium rose $4.90, or 0.6%, to $775.65 an ounce, down around 0.9% on the week.
Rounding out the action on Comex Friday, May copper fell nearly 2 cents, or 0.5%, to $3.52 a pound, but it was up nearly 0.5% from a week ago.
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