Gold Inches Up as Equities Hit Record Highs

by Christopher Freeburn | March 5, 2013 5:02 pm

Gold Silver GLD IAU SLV[1]Gold edged fractionally higher in Tuesday trading as U.S. equities markets hit record highs, dimming the metal’s appeal as a safe haven.

Gold futures for April delivery climbed 0.2% to $1574.90 per ounce on Tuesday, according to CME Group[2]. Gold traded as high as $1,585.80 and as low as $1,571.10. Gold bullion closed in London at $1,578, according to BullionVault[3].

Silver futures for April delivery rose 0.4% to $28.58 per ounce. Tuesday’s high for silver was $29.05, while the low was $28.50.

Gold and silver funds mostly gained in Tuesday trading.

Gold and silver mining ETFs dropped during the day.

Gold mining shares mostly retreated on Tuesday.

Silver mining shares moved lower.

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.

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  23. BullionVault:

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