Gold Recovers as Investors Look for Bargains

by Christopher Freeburn | April 11, 2013 4:29 pm

Gold Silver GLD IAU SLV[1]Bargain hunters sent gold higher in Thursday trading. The metal rebounded modestly after dropping sharply on Wednesday.

Gold futures for May delivery climbed 0.4% to $1,564.50 per ounce on Thursday, according to CME Group[2]. Gold traded as high as $1,566.60 and as low as $1,553.10. Gold bullion closed in London at $1,563 according to BullionVault[3].

Silver futures for May delivery gained 0.2% to $27.70 per ounce. Thursday’s high for silver was $27.79, while the low was $27.34.

Gold and silver funds gained in Thursday trading.

Gold and silver mining ETFs declined during the day.

Gold mining shares were mixed on Thursday.

Silver mining shares mostly fell during the day.

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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