| Gold Prices Advance 6.7% on Quarter as Silver Soars 16.4% |
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| Gold prices advanced Friday, snapping a three-session losing streak to log weekly and quarterly gains of 0.6% and 6.7%, respectively. Gold did retreat 2.3% for the month but the pick-up on the quarter contrasts against a 3.4% loss in the fourth quarter of 2011 when a streak of 12 straight quarterly gains ended. On Friday, June gold prices tacked on $17.00, or 1.0%, to $1,671.90 an ounce on the Comex in New York. Gold traded between an intraday low of $1,661.20 and a high of $1,672.70. For much of the week, the yellow metal traded opposite to the U.S. dollar. |
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