Monday, March 19, 2012

Gold, Silver Futures Firm but GDX Relinquishes Gain

Gold and silver futures remained in positive territory this afternoon, spurred
by weakness in the U.S. dollar. COMEX gold for April delivery settled higher by
$11.50, or 0.7%, at $1,667.30 per ounce after trading as low as $1,652.30 this
morning. Silver futures, per the May contract, climbed $0.40, or 1.3%, to $32.96
per ounce on the COMEX. While precious metals held firm, shares of most gold and
silver companies surrendered their gains.

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