Daily Gold Update

Source: Marketwatch

New York— Gold futures finished slightly lower on Friday, but posted a gain of over $26 on the week, as dollar weakness capped the decline in gold prices. Gold for December delivery ended down $2.80 at $834.70 an ounce on the New York Mercantile Exchange. Gold gained $26.20 on the week from last Friday's closing level of $808.50.

"Round two of the "credit crisis" is developing further and creating an environment of additional fear and rising uncertainty," said Peter Spina, president of GoldSeek.com, in emailed comments. "The bull market in gold appears to be undergoing a mega-bull run higher, aided now by this crisis which includes the sinking dollar," Spina said. See full story.