Gold Gains, US Stocks Retreat Slightly

New York gold futures advanced Tuesday for the eighth consecutive trading day despite a slightly stronger US dollar and tumbling crude oil prices. Silver and platinum retreated along with US stocks.

New York precious metal figures follow:

• Silver for December delivery fell 15.5 cents, or 0.8 percent, to $18.455 an ounce. It ranged from $18.330 to $18.680.

• Gold for December delivery rose $1.10, or 0.1 percent, to $1,165.80 an ounce. It ranged from $1,157.70 to $1,171.70.

• January platinum declined $23.80, or 1.6 percent, to $1,443.80 an ounce. It ranged from $1,440.80 to $1,467.70.

In PM London bullion, the benchmark gold price was fixed earlier in the day to $1,163.25 an ounce, which was a decline of $6.25 from Wednesday. Silver fell 19 cents to $18.570 an ounce. Platinum was settled at $1,458.00 an ounce, for a decline of $6.00.

(…)
Read the rest of Gold Gains, US Stocks Retreat Slightly (2,079 words)