Gold News & Info

Source: Marketwatch

San Francisco— Gold and silver futures climbed Friday, helped by a weaker dollar and renewed concerns about unrest in the Middle East and North Africa as well as about euro-zone sovereign debt. Gold for August delivery, the most-active contract, advanced $13.60, or 0.9%, to $1,537.30 an ounce on the Comex division of the New York Mercantile Exchange. For the week, gold gained 1.8%. The gains for both precious metals came as the dollar index gave up more ground, extending losses from the previous session.

Commodities, which are priced in dollars, often trade inversely to the U.S. currency. The dollar index, which measures the greenback against a basket of six currencies, fell to 74.936, compared with 75.598 late Thursday. Traders also focused on unrest in the Middle East and North Africa, with Yemen on the brink of civil war and with world leaders reiterating calls for the ouster of Libya�s Col. Moammar Gadhafi. See full story.