Gold And Silver Fall, But End The Week Higher

russia, siberia, mining

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

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.