SAN FRANCISCO (MarketWatch) – Gold futures marked a sixth straight session gain on Wednesday as the dollar weakened on news that the U.S. economy shrank much more than previously expected in the first quarter.
Gold for August delivery tacked on $1.30, or 0.1%, to settle at $1,322.60 an ounce on the Comex division of the New York Mercantile Exchange. July silver closed up 7 cents, or 0.4%, at $21.12 an ounce.
Also among the key metals traded on Comex Wednesday, prices for copper continued to inch higher, with the July contract ending at $3.17 a pound, up nearly 2 cents, or 0.5%. July platinum climbed $1.30, or 0.1%, to $1,473.20 an ounce, while Sept. tacked on $2.85, or 0.3%, to $833.25 an ounce.
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