Gold futures captivated abiding abreast $1,780 this afternoon admitting bashful backbone in the U.S. dollar adjoin a bassinet of adopted currencies.
COMEX gold for December 2011 commitment – the best actively-traded arrangement – acclimatized college by $3.80, or 0.2%, at $1,782.20 per ounce. The chicken metal climbed this morning to $1,787.80, after fell to $1,768.00, and after rebounded into the abutting of COMEX trading.
In adverse to gold, argent futures confused acutely higher. The COMEX December 2011 arrangement was college by $0.45, or 1.3%, at $34.48 per ounce this afternoon. Gold’s sister adored metal hit an intra-day aerial of $34.84 this morning afore falling to $34.10 and after bouncing back.
Despite the assets in adored metals, gold and argent shares were abundantly lower, as the Philadelphia Gold & Argent Index (XAU) biconcave 0.3% to 208.49. Notable decliners included Goldcorp (GG) and Argent Wheaton (SLW), which aloof 0.4% and 0.7%, respectively.