by Christopher Freeburn | January 17, 2013 5:08 pm
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. 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.
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) 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 contributed to this report.
Source URL: http://investorplace.com/2013/01/gold-climbs-as-oil-hits-four-month-high/
Short URL: http://invstplc.com/1nv6sut
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.