Gold remained firm near its two week high reached yesterday in spite of disappointing Chinese PMI figures. In Singapore, bullion for immediate delivery initially fell prior to gains and was $1,187.46 an ounce near the end of day. These gains continued in European trading.
Gold and silver were both strong for the week – gold rose 2.42% and silver surged 7.45%. Gold climbed 1.1% or $12.90 and closed at $1,183.20 an ounce Friday, while silver surged 3.72% or $0.60 at $16.73 an ounce.