Gold Prices End the Week Higher

SPDR Gold Trust, Eldorado and Yamana all rise. The dollar's value dips slightly.
By Simon Constable ,

Gold prices lifted Friday after the dollar fell slightly in value.

Benchmark bullion futures tacked on $9.80 to close at $891.50 an ounce on the Comex division of the New York Mercantile Exchange. The price of gold tends to rally as the value of the U.S. currency drops.

The

SPDR Gold Trust

(GLD) - Get Report

, which holds inventories of solid gold ingots, was ahead 1.1% in recent trading on the New York Stock Exchange.

As for the precious-metals patch,

Eldorado Gold

(EGO) - Get Report

was up 1.6%, and

Yamana Gold

(AUY) - Get Report

was lifting 2.8%, both buoyed by the rallying metals price.

In the foreign-exchange market, one euro was buying $1.5554 vs. $1.551 on Thursday. One dollar was trading for 105.4 Japanese yen, down from 105.5 yen previously. The British pound was selling for $1.98 vs. $1.9745.

The

CurrencyShares Euro Trust

(FXE) - Get Report

and the

CurrencyShares Japanese Yen Trust

(FXY) - Get Report

were ahead 0.4% and 0.2%, respectively. The

CurrencyShares British Pound Sterling

(FXB) - Get Report

was up 0.3%.

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