Gold Jumps, Ends Week Up More than 4%

by Christopher Freeburn | February 14, 2014 4:32 pm

Gold Silver GLD IAU SLV[1]Gold extended its week-long rally on Friday, rising for an eighth consecutive session. The precious metal closed out the week with a gain of 4.4%.

Gold futures for April delivery added 1.4%, rising to $1,318.60 per ounce on Friday, according to CME Group[2]. Gold traded as high as $1,321.50 and as low as $1,299.90. Bullion closed in London at $1,319, according to BullionVault[3].

Silver futures for March delivery soared 5% to $21.42 per ounce. Friday’s high for silver was $21.44, while the low was $20.45.

Metal funds climbed on Friday.

Mining ETFs gained during the day.

Gold stocks advanced on Friday.

Silver mining shares improved 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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