Gold Inches Higher on Weaker U.S. Dollar, Equities

by Christopher Freeburn | January 16, 2014 4:25 pm

Gold Inches Higher on Weaker U.S. Dollar, Equities

Gold posted a slight gain in Thursday trading as equities markets stalled and the U.S. dollar softened against other currencies.

PreciousMetalsRecap Gold Inches Higher on Weaker U.S. Dollar, EquitiesGold futures for February delivery rose 0.2% to $1,240.20 per ounce on Thursday, according to CME Group[1]. Gold traded as high as $1,244.90 and as low as $1,235.80. Bullion closed in London at $1,244, according to BullionVault[2].

Silver futures for March delivery sank 0.4%, to $20.5 per ounce. Thursday’s high for silver was $20.25, while the low was $19.97.

Metal funds were mixed on Thursday.

Mining ETFs improved during the day.

Gold stocks mostly climbed on Thursday.

Silver mining shares mostly advanced during the day.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[22] contributed to this report.

Endnotes:
  1. CME Group: http://www.cmegroup.com
  2. BullionVault: http://www.bullionvault.com
  3. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  4. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  5. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  6. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  7. GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
  8. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  9. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  10. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  11. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  12. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  13. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  14. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  15. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  16. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  17. CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
  18. HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
  19. PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
  20. SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
  21. SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
  22. BullionVault: http://www.bullionvault.com/

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