Gold futures log a loss for the week
San Francisco (Jun 26) Gold futures suffered from their first weekly loss in three weekson Friday, but settled with a modest gain for the session. Growing concerns that Greece's debt woes will drag on, even if an agreement on bailout funding is reached next week, helped buoy the metal's investment appeal Friday. August gold GCQ5, +0.17% tacked on $1.40, or 0.1%, to settle at $1,173.20 an ounce on Comex. For the week, prices fell 2.4%.
Spot silver edged upward 5 cents to $15.81, while spot Platinum rose $1.50 to $1,081 and spot palladium rose $5 to $682 on short-covering after registering a 2-year low yesterday.