Sunday, January 29, 2012

GOLD PRICES END TRADING WEEK AT OVER $1,700 PER OUNCE



January 29, 2012

gold jewelry
© Baloncici | Dreamstime.comEnlarge
Gold is now more expensive than platinum

Gold futures for February delivery gained at the end of the trading week, closing at $1,700.10 on New York’s Comex exchange, MarketWatch reports.

This represents gold’s most active contract since December 9 and the precious metal’s biggest one-day gain since January 3.

Silver for March delivery gained 3.6% and closed at $33.12 per ounce, whileplatinum was also up and finished the week at $1,579.60 an ounce.

Due to the consistently rising price of gold, platinum has become a popular option for jewelry consumers, even in markets like India that traditionally favor gold jewelry

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