Gold edged down to $1192.24 in Asia before it bounced back to $1200.63 in London and then fell to a new session low of $1188.00 in midmorning New York trade, but it then rallied back higher into the close and ended with a gain of 0.24%.Silver rose to as high as $16.838 and ended with a gain of 0.12%.
Euro gold rose to about €1127, platinum gained $6.50 to $979.50, and copper climbed a couple of cents to about $2.69.
Gold and silver equities waffled near unchanged and ended with modest gains.
Next week’s economic highlights include Empire Manufacturing on Tuesday, CPI, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, the Fed's Beige Book, andNet Long-Term TIC Flows on Wednesday, and Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed on Thursday.
AuRico Metals’ (AMI.TO) updated National Instrument (NI) 43-101 compliant resource estimate and Sabina Gold’s (SBB.TO) Back River Project review were among the big stories in the gold and silver mining industry making headlines Friday.
NAK +9.09% $2.28
AXU +7.02% $1.83
AAU +5.94% $1.07
AGI -2.38% $8.21
PZG -2.22% $1.76
GSV -0.89% $2.23
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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