Gold futures extended its biggest gains since November in electronic trading on Friday, as the US economic report increased haven demand. Gold to be delivered in April gained $5.60 or 0.4%, to 1,305.70 per ounce, incurring to Thursday’s $5.10 profit on the Comex of the New York Mercantile Exchange.
The surge came as SPDR Gold Trust assets expanded 0.9% to 806.35 metric tons, the highest level since December 20. The largest ETP backed by bullion, which dived 41% last year, went up by 2% this week, rallying for its third weekly advance.
March silver became even sharper, the gains rose by 35 cents or 1.7%, to $20.75 per ounce. April platinum gained $1.70 or 0.1%, to 1,418.30 per ounce, but March palladium has slightly changed at $731 per ounce. High-grade copper futures for March was flat at $3.25 per pound.
The material has been provided by InstaForex Company – www.instaforex.com
Gold futures extended its biggest gains since November in electronic trading on Friday, as the US economic report increased haven demand. Gold to be delivered in April gained $5.60 or 0.4%, to 1,305.70 per ounce, incurring to Thursday’s $5.10 profit on the Comex of the New York Mercantile Exchange.
The surge came as SPDR Gold Trust assets expanded 0.9% to 806.35 metric tons, the highest level since December 20. The largest ETP backed by bullion, which dived 41% last year, went up by 2% this week, rallying for its third weekly advance.
March silver became even sharper, the gains rose by 35 cents or 1.7%, to $20.75 per ounce. April platinum gained $1.70 or 0.1%, to 1,418.30 per ounce, but March palladium has slightly changed at $731 per ounce. High-grade copper futures for March was flat at $3.25 per pound.
The material has been provided by InstaForex Company – www.instaforex.com
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