Thursday, May 12, 2011

Gold Prices Rebound, Silver Futures Decline

by Bullion Prices Staff on May 12, 2011

U.S. bullion prices were mixed Thursday as gold rebounded 0.4%, silver declined 2%, palladium added 0.2% and platinum lost 0.4%. U.S. dollar weakness and higher oil prices were cited for gains in gold prices. The yellow metal’s June contract advanced $5.40 to $1,506.80 an ounce on the Comex division of the New York Mercantile Exchange. Gold […]