Gold Silver Shares Rally Despite Tepid Gains in Precious Metals

Gold and argent shares acquaint ample assets Friday in animosity of alone a bashful beforehand in adored metals. The Philadelphia Gold & Argent Index (XAU) climbed 1.8% to 194.81 in aboriginal afternoon trading, fueled by a broad-based assemblage on Wall Street and weakness in the U.S. dollar.

Among large-cap gold producers, Goldcorp (GG) and Newmont Mining (NEM) were two of the top assuming stocks. GG rose 1.7% to $47.71 per allotment and NEM surged 3.0% to $65.69 per share.

As for argent stocks, Argent Standard Resources (SSRI) added 1.5% to $18.73 per share, while Argent Wheaton (SLW) jumped 1.3% to $31.62 per share.

COMEX gold futures climbed to as aerial as $1,685.50 per ounce this morning, but were up alone $6.70, or 0.4%, at $1,675.20 as of 12:30pm ET.

Silver futures on the COMEX surpassed $32.50 earlier, but alone about bisected of their assets to barter abreast $31.90 this afternoon.