Gold Fields (NYSE:GFI) was able to close in positive territory on Thursday even as gold prices closed down 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.
Gold Fields Limited participates in the acquisition, exploration, development, and production of gold properties. It has 8 operating mines in Australia, Ghana, Peru and South Africa. The company also explores for copper. Gold Fields has about gold equivalent mineral reserves of 78 million ounces and mineral resources of 281 million ounces.
Gold Fields (GFI) closed Thursday at $15.57, gaining $0.05, or 0.32 percent.
No comments:
Post a Comment