Even though gold prices closed slightly down on Thursday, Barrick Gold (NYSE:ABX) closed up on the day.
Gold for June delivery, closed down $3.40, or 0.2 percent, at $1,492.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
Silver prices ended the session down. July delivery for silver fell 16.5 cents, or 0.5 percent, to $34.932 a troy ounce.
The ICE Futures' dollar index was down 0.5 percent at 75.106. The U.S. dollar was down against most of its major peers at the end of trading Thursday.
Extremely bad news on Obama's economy pressured the commodity sector.
July contracts had copper falling 5.25 cents to settle at $4.0525 a pound and platinum dropped $10.90 to $1,769 an ounce. June palladium settled down $9.05 at $728.15 an ounce.
Housing sales and manufacturing data revealed an ongoing weak and fragile American economy.
Barrick Gold Corporation participates in gold exploration, mine development and production and marketing of gold. Overall the company has a portfolio of 25 operating mines and a pipeline of projects located around the world, including North America, South America, the Australia Pacific region, and Africa. The also have exposure to copper, oil and gas properties.
The giant miner closed Thursday at $45.57, gaining $0.22, or 0.49 percent.
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