Gold futures marginally higher as dollar eases
5/25/12 6:57 AM ET (MarketWatch)Print
MADRID (MarketWatch) -- Gold futures edged higher on Friday, but pared gains as Europe stocks turned lower and U.S. futurs turned mixed. The dollar slipped as well, giving gold a slight boost. Gold gutures for June delivery rose $4 to $1,561.50 an ounce. Gold ended about 0.6% higher on Thursday. Silver for July delivery ros 15 cents, or 0.5%, to $28.30 an ounce. July platinum rose $5.20, or 0.4%, to $1,426.60 an ounce. June palladium rose $3.70, or 0.6%, to $591.20 an ounce. July copper gained 2 cents, or 0.7%, to $3.45 per pound. Late Thursday, commodity trading exchange said it had lowered its margin requirements for gold contracts by 10%, the second reduction this year.
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