Gold And Silver Fall, But End The Week Higher

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Gold for December delivery closed down 1.1% to $1,635.80.  Silver fell 3.2% to $30.99.But gold and silver were up 0.8% and 3%, respectively, for the week.

Copper prices climbed by around 3 cents per pound.

Nevertheless, mining stocks got slammed:

  • Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Down 2.5% to $34.01
  • Kinross Gold Corp (NYSE: KGC): Down 3.3% to $13.68
  • Southern Copper Corporation (NYSE: SCCO): Down 3.6% to $26.09

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