The U.S. dollar was lower yesterday in response to an easing in U.S. interest rates, while a change in psychology on the interest-rate front pushed gold sharply higher.
In Zurich gold rose $13.75 from Thursday's close to end the week at $425.50 an ounce, while in London it was $15 higher at $427.
In New York gold eased back to $426, still up $10 on the day. The New York Commodity Exchange settlement price was $426.20, up from $417.50.
Silver notched up to $9.255 an ounce from $9.15, and it settled on the Comex at $9.24, up from $9.17.
In London the pound rose to $1.8490 from $1.8415 Thursday, and it climbed to $1.8505 in New York.
In Tokyo the dollar eased to 230.65 yen from 231.40, and it fell in New York to 229 yen.
The dollar also fell in Frankfurt to 2.4545 marks from 2.4767 and in Zurich to 2.1345 Swiss francs from 2.1562.
The Canadian dollar firmed to 83.26 U.S. cents compared with 83.06 on Thursday and up almost a full cent from 86.36 on Wednesday.