Bullion metals turn pale

Strong dollar hammers prices

Bullion metal prices ended lower on Friday, 20 August 2010 at Comex. Dec gold futures shed 0.5% to finish at $1228.80 per ounce, while Sept silver dropped 2% to end at $17.99 per ounce. Strength in the dollar index weighed on both precious metals.

Gold gained 1% for the week while silver shed 0.6%.

In the currency market on Friday, the dollar index, which weighs the strength of the dollar against a basket of six other currencies rose by 0.8%.