by Christopher Freeburn | December 13, 2013 4:30 pm
Gold reversed course on Friday, rising modestly after tumbling in the previous session. The metal ended the week up 0.5%.
Gold futures for February added 0.8% to $1,234.60 per ounce on Friday, according to CME Group. Gold traded as high as $1,238.10 and as low as $1,219.50. Bullion closed in London at $1,240, according to BullionVault.
Silver futures for March delivery moved up 0.8%, to $19.60 per ounce. Friday’s high for silver was $19.74, while the low was $19.28.
Metal funds advanced on Friday.
Mining ETFs moved higher during the day.
Gold stocks mostly improved on Friday.
Silver mining shares mostly rose during the day.
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/2013/12/gold-rises-post-small-weekly-gain/
Short URL: http://invstplc.com/1fpWl5P