Friday, December 23, 2011

Gold, Silver Shares Post Modest Gains, XAU Rises 0.3%

Gold and silver shares traded modestly higher Friday despite mixed action in
precious metals, as the Philadelphia Gold & Silver Index (XAU) rose 0.3% to
184.67 this afternoon. COMEX gold futures dipped$3.80 to $1,606.80 per ounce
while silver inched higher by $0.04 to $29.09 per ounce. With its advance, the
XAU returned to positive territory this week by a scant 0.7% and looked to
snap a two-week losing skid. Among gold producers, two of the top performers
were Newmont Mining (NEM) and Yamana Gold (AUY).

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