Mon, 27 Feb 2012 14:11:09 GMT
Precious metals fell on Friday despite weaker US Dollar
Precious metals, except for silver, ended the week on a negative note despite supportive news from the US and EU. Growing energy prices added to inflationary pressure thus bolstering inflation hedges such as precious metals. At the same time, broadly weaker US Dollar also limited the losses. Further, speculators increased their long positions in gold to the five-month high as