Tuesday, December 6, 2011

Gold, Silver Shares Steady, KGC, HL Make Headlines

Gold and silver equities held steady in mid-day trading on Tuesday despite
weakness in precious metals. The Philadelphia Gold & Silver Index (XAU) was
lower by just 0.2% at 201.06, in concert with the broader U.S. market indices
as the S&P 500 Index dipped 0.2% to 1,254.06. COMEX gold futures, per the
February 2012 contract, tumbled $20.50, or 1.2%, to $1,714.00 per ounce while
silver for February 2012 delivery slid $0.48, or 1.5%, to $31.90 per ounce.

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