Gold Climbs as Oil Hits Four-Month High

by Christopher Freeburn | January 17, 2013 5:08 pm

PreciousMetalsRecap Gold Climbs as Oil Hits Four Month High[1]Gold climbed in Thursday trading as crude oil prices hit a four-month high on improved U.S. housing and unemployment data.

Gold futures for February delivery rose about 0.5% to $1,690.80 on Thursday, according to CME Group[2]. Gold traded as high as $1,697.80 and as low as $1,666.40. Gold bullion closed in London at $1,690, according to BullionVault[3].

Silver futures for February delivery rose 0.8% to $31.78 per ounce. Thursday’s high for silver was $31.79, while the low was $31.15 an ounce.

Gold and silver funds gained in Thursday trading.

Gold and silver mining ETFs mostly fell during the day.

Gold mining shares were mostly lower, with NovaGold Resources (AMEX:NG[10]) among the biggest declines.

Silver mining shares were mixed Thursday.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[23] contributed to this report.

  1. [Image]:
  2. CME Group:
  3. BullionVault:
  4. GLD:
  5. IAU:
  6. SLV:
  7. GDX:
  8. GDXJ:
  9. SIL:
  10. NG:
  11. AEM:
  12. ABX:
  13. EGO:
  14. GG:
  15. KGC:
  16. NEM:
  17. AUY:
  18. CDE:
  19. HL:
  20. PAAS:
  21. SLW:
  22. SSRI:
  23. BullionVault:

Source URL:
Short URL: