Gold Closes Out a Lackluster Week

There were at least three reasons why the price of gold fell today. For one thing ... the dollar was stronger ... which made gold more expensive for people who don't use dollars.

For another ... gold prices fell because it seems Greece really will get a second bailout. Eurozone leaders will meet Monday to consider whether to give Greece 172 billion dollars so it won't default on huge bond redemption that comes due in one month.

There was also a third reason ... namely, profit taking. Even with this week's decline the spot price of the yellow metal is still up about 10 percent since the start of the year.

For the week, gold was flat ... virtually unchanged from its Monday price.

Silver also went down today. For the week ... silver was down 1.5 percent.

Platinum fell 0.8 percent today and was down for the week. Palladium gave up nearly one percent of its value today. For the week ... palladium also was down.