Gold rebounds in post-Christmas trade NEW YORK (M
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Posted On: 12/27/2013 8:52:13 AM
Gold rebounds in post-Christmas trade
NEW YORK (MarketWatch) — Gold and silver futures rose in thin, post-Christmas trade Thursday, gaining ground on a pickup in physical demand from Asia, while first-time claims for unemployment benefits saw a larger-than-expected drop.
February gold futures (CNS:GCG4) rose $9, or 0.7%, to close at $1,212.30 an ounce on the New York Mercantile Exchange. March silver futures (CNS:SIH4) jumped 44 cents, or 2.3%, to settle at $19.92 an ounce. It has been a brutal year for gold, with futures down nearly 28% since Jan. 1, according to FactSet, and on track to end a 13-year streak of rising prices. http://www.marketwatch.com/story/gold-rebound...2013-12-26
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