Kinross Gold (NYSE:KGC) was able to close up slightly on Thursday, even though 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.
Kinross Gold Corporation participates in the mining and processing of gold ores. It also is involved in the exploration and acquisition of gold bearing properties. Kinross operates in North and South America, the Russian Federation and Africa.
Kinross closed Thursday at $14.86, gaining $0.02, or 0.13 percent.
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