Gold Prices Edge Ahead
Gold prices rose Friday after new data showed the economy shed more jobs than analysts had expected.
Benchmark gold futures edged up $3.60 to settle at $913.20 an ounce on the Comex division of the New York Mercantile Exchange
The
streetTracks Gold Shares
(GLD) - Get Report
and the
iShares Comex Gold Trust
(IAU) - Get Report
, both of which hold inventories of gold bars, were up 0.7% and 0.6%, respectively.
In the precious metals patch, shares of
Goldcorp
(GG)
were rising 1.8%, while
Yamana Gold
(AUY) - Get Report
was up 3.4%.
Agnico-Eagle Mines
(AEM) - Get Report
was climbing 1.9% in recent market activity.
As for currencies, one euro was buying $1.5723 vs. $1.5675 Thursday. A dollar was buying 101.8 Japanese yen, down from 102.3 yen previously. The British pound was worth $1.992 vs. $1.9948.
The currency exchange-traded funds were moving in line with action in the foreign-exchange market.
CurrencyShares Euro Trust
(FXE) - Get Report
was up 0.5%, while the
CurrencyShares Japanese Yen Trust
(FXY) - Get Report
was ahead by 0.7%.
CurrencyShares British Pound Sterling
(FXB) - Get Report
was virtually unchanged.