JUNE 30 -Spurred by a weakened dollar, precious metals were up slightly as gold, ended the up 0.5% after previous declines for three consecutive weeks. Gold futures for August opened N.Y. floor trading at about $7 higher Friday to $946 per ounce, while September silver futures were expected to be up .25 cents an ounce.

Standard Bank commodity analyst Walter de Wit commodity analyst at Standard Bank stated: "The precious metals market might re-enter risk aversion mode over the next few days. Precious metals could stay range-bound until at least Thursday, when we see the ECB interest rate decision as well as the release of US non-farm payrolls,".

Tags: gold bullion, gold futures, precious metals

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