Gold Inches Up Ahead of December Jobs Report

by Christopher Freeburn | January 9, 2014 4:39 pm

Gold Silver GLD IAU SLV[1]Gold gained slightly in Thursday trading, breaking a three-session losing streak. The metal’s gain comes as investors await the release of the Labor Department’s December jobs report on Friday morning.

Gold futures for February delivery rose 0.3% to $1,229.40 per ounce on Thursday, according to CME Group[2]. Gold traded as high as $1,230.90 and as low as $1,222.80. Bullion closed in London at $1,230, according to BullionVault[3].

Silver futures for March delivery climbed 0.7%, to $19.68 per ounce. Thursday’s high for silver was $19.71, while the low was $19.38.

Metal funds improved on Thursday.

Mining ETFs sank during the day.

Gold stocks mostly declined on Thursday.

Silver mining shares retreated 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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