Prices find support from weak dollar
Bullion prices ended higher at Comex on Friday, 15 May 2015. Gold futures turned higher during Friday's final minutes of trading to climb a dime for the session and tally a more than 3% gain for the week. Prices found support from a weaker U.S. dollar as investors assessed the latest economic data and their influence on the metal's investment appeal.
Gold for June delivery tacked on 10 cents to settle at $1,225.30 an ounce on Comex. That was the highest settlement in about 3 months. Prices climbed 3.1% for the week.
July silver added 9.8 cents, or 0.6%, to $17.563 an ounce. Prices were 6.7% higher for the week.
Comex gold prices got a boost from weakness in the U.S. dollar this week. In U.S. economic news on Friday, a reading on manufacturers in New York state rose less than expected. Industrial production fell 0.3% in April and May consumer sentiment fell to a seven-month low.
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