NEW YORK ( TheStreet ) -- Gold prices rallied Thursday as borrowing costs for Spain and Italy fell, pushing the euro higher and bringing gold with it. Gold for February delivery closed off session highs but was still up $8.10 at $1,647.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,662.90 and as low as $1,640.90 an ounce while, the spot price was up $4, according to Kitco's gold index. Silver prices added 23 cents to close at $30.12 an ounce while the U.S. dollar index was down 0.57% at $80.79.
A successful bond auction in Italy and Spain early in the day cheered gold investors Thursday as the yellow metal was still trading in part with the euro. Gold eased off session highs as investors took profits but the metal still ended the day on a high note. Gold mining stocks were a mixed bag Thursday. Kinross Gold ( KGC) was up 0.16% at $12.83 while Randgold ( GOLD) was adding 1.76% at $110.81. Other gold stocks, Agnico-Eagle ( AEM) and Eldorado Gold ( EGO) were trading lower to $37.30 and $14.11, respectively. -- Written by Alix Steel in New York. >To contact the writer of this article, click here: Alix Steel.