Gold Rises on Bargain-Hunting, Ends Week 3% Lower

by Christopher Freeburn | March 21, 2014 4:34 pm

Gold Silver GLD IAU SLV[1]Gold rallied for a modest gain on Friday, snapping a four-session losing streak as investors took advantage of the metal’s recent declines. Despite the uptick, gold ended the week down 3.1%.

Gold futures for April climbed 0.4% to $1,336 per ounce on Friday, according to CME Group[2]. Gold traded as high as $1,343 and as low as $1,328. Bullion closed in London at $1,336, according to BullionVault[3].

Silver futures for May delivery fell 0.6% to $20.31 per ounce. Friday’s high for silver was $20.59, while the low was $20.27.

Metal funds were mostly higher on Friday.

Mining ETFs mostly improved during the day.

Gold stocks mostly declined on Friday.

Silver mining shares mostly faded 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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