Gold, other precious metals prices rise on weaker U.S. dollar and flagging equities
Gold prices dropped for the second day in a row on Friday as gains in European equities reduced investor demand for a safe haven.
Gold futures declined slightly on Thursday, but still held close to its five-week high.
Copper fell from a three week high as Chinese inflation turned out to be weaker than analysts expected.
Gold was able to cut its losses early on Wednesday and hit a four-year high after the U.S. dollar retreated due to weak inflation and retail sales data.
Tin prices fell on Tuesday as other industrial metals posted gains.
Copper fell again on Friday, setting it up for its longest streak of weekly declines since 2008.
Gold prices rose as Asian markets reopened after a week-long holiday.
Gold prices rose slightly for the second day in a row as the U.S. dollar experienced further declines.
The positive employment report was great news for the dollar, U.S. stocks and American workers, but it was a nightmare for gold investors.