Gold surges higher, halting losses
February 21, 2014 8:30 amVideo
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Gold futures edged higher in electronic trading on Friday, breaking a string of losses, although silver stretched its move lower. April gold futures nailed $1.20 or 0.1%, to $1,318.10 per ounce, snipping its $3.50 loss yesterday on the New York Mercantile Exchange’s Comex.
March silver plunged 6 cents or 0.3%, to $21.63 per ounce, following a 17-cent loss on Thursday. The moves came despite a gain, although modest, for the US dollar, with the ICE dollar index escalating to 80.330, previously 80.280.
April platinum rose $6 or 0.4%, to $1,418.50 per ounce, March palladium slacked 80 cents or 0.1%, to $735.50 per ounce, and March high-grade copper futures remained stable at $3.28 per pound.
The material has been provided by InstaForex Company – www.instaforex.com
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