by Christopher Freeburn | April 25, 2014 4:43 pm
Gold prices posted a modest gain in Friday trading, rising for a third straight session as tensions in eastern Ukraine continue. Gold prices ended the week up 0.5%, bolstered by strengthening safe-haven appeal. U.S. equities markets retreated during the day.
Newmont Mining (NEM) reported adjusted first-quarter earnings of 22 cents a share, topping the 19 cents that Wall Street was expecting. NEM stock moved up 3.8%, outpacing gains by other gold miners during the session.
Gold futures for June delivery added 0.8% to $1,300.80 per ounce on Friday, according to CME Group. Gold prices were as high as $1,305.20 and as low as $1,290.40. Bullion closed in London at $1,304, according to BullionVault.
Silver futures for May delivery were flat at $19.69 per ounce. Friday’s high for silver was $19.81, while the low was $19.52.
Here’s how metal-based funds and mining stocks fared on Friday:
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.
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