by Christopher Freeburn | November 1, 2012 4:42 pm
Better-than-expected reports on U.S. first-time unemployment claims and manufacturing activity rallied the dollar, sending gold down slightly in Thursday trading.
Gold futures for December delivery slipped to $1,715.50 on Thursday, according to CME Group. Gold traded as high as $1,727.50 and as low as $1,715.10. Gold bullion closed in London at $1,718, according to BullionVault.
Silver futures for December delivery also dipped, closing down at $32.25 per ounce. Thursday’s high for silver was $32.70, while the low was $32.90.
Gold and silver funds moved lower in Thursday trading.
Gold and silver mining ETFs mostly declined during the day.
Gold mining shares mostly declined on Thursday, with Barrick Gold (NYSE:ABX) falling hard after reporting declining Q3 profits and more delays on its Pascua-Lama mine.
Silver mining shares broadly climbed Thursday.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.
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