Photo: Wikimedia Commons
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