In the afternoon, the five major bullion dealers fixed a recommended price of $366.25.

Most of the members are major international banks or bullion dealers and refiners.

But gold rose in Europe in response to the dollar's weakness, bullion dealers said.

Gold prices rose in quiet trading, largely because sellers retreated from the market, bullion dealers said.

Alternatively, there are bullion dealers that provide the same service.

You suddenly decide you really fancy a 250g 24-carat gold bar but it's the weekend and all the bullion dealers are shut.

"If the bullets start flying there, then gold will see a lot of interest," said one bullion dealer in Zurich.

Both companies have agreements with their bullion dealers that give them time to work out their problems.

Your friend flies off to Bombay and goes to the first bullion dealer in the bazaar.

Earlier in the day, London's five major bullion dealers fixed a recommended price of $436.50 an ounce, up from $432 Friday.