Gold Rallies But Ends Quarter with Record Decline

by Christopher Freeburn | June 28, 2013 4:29 pm

Gold Silver GLD IAU SLV[1]Gold gained in Friday trading, but still ended down for the week. The precious metal also posted its worst quarterly loss since at least 1968, down 23%.

Gold futures for July delivery climbed 1% to $1,223.70 per ounce on Friday, according to CME Group[2]. Gold traded as high as $1,229 and as low as $1,179.40. Gold bullion closed in London at $1,231, according to BullionVault[3].

Silver futures for July delivery surged 5% to $19.45 per ounce. Friday’s high for silver was $19.56 while the low was $18.19.

Gold and silver funds improved in Friday trading.

Gold and silver mining ETFs rose sharply during the day.

Gold mining shares vaulted higher on Friday.

Silver mining shares soared 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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  3. BullionVault:
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  23. BullionVault:

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