Friday, January 6, 2012

Gold, Silver Shares Retreat as Precious Metals Dip

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DG365FD46564GFH654FU898 Gold and silver stocks traded lower Friday afternoon as precious metals were pressured by strength in the U.S. dollar. The Philadelphia Gold & Silver Index (XAU), a composite of the sector’s largest companies, retreated 0.8% to 187.47. Notable decliners included Yamana Gold (AUY), Goldcorp (GG), and Pan American Silver (PAAS) – which dropped 1.5%, 2.0%, and 0.5%, respectively. The sell-off came as COMEX gold futures snapped a four-session winning streak.



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