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Weekly Round-Up: Strong Dollar Pushes Down Gold, Silver and Copper

May 12, 2013 in Copper, Gold, Investing, News, Silver

Friday May 10, 2013, By Staff Writer – Exclusive to Resource Investing News (http://resourceinvestingnews.com)

A stronger dollar, helped by a decline in the number of Americans filing jobless claims, rising stocks markets and a breach of key chart levels, triggered heavy selling of US futures this week,said Reuters. Gold dropped to a two-week low on Friday after climbing $24.90 on Wednesday, to $1,473.70, while silver prices, cued by dropping gold prices, similarly fell at the end of the week, continuing on a seven-month downtrend.

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