Gold Price opens the week higher

Sydney-Australia (May 10)  The spot gold markets have just opened (8.10am Sydney time) for the week, with the yellow metal trading 0.1% higher at US$1189 an ounce.

On Friday in New York on the Comex, gold finished 0.6% higher at US$1188 an ounce.

For the week the commodity was up 1.2%.

In other metals trading, July silver added 1% to US$16.465 an ounce, or % higher on the week.

July platinum added 1.1% to US$1,143.50 an ounce, up about 1.2% for the week.

June palladium rallied 2.1% to US$802.35 an ounce, gaining 3.7% from the week-ago close.

July copper settled less than half a cent lower at US$2.9205 a pound, losing 0.3% for the week.