WPM - Gold climbs to best close in four weeks as U.S. economy looks soft
Gold posted its highest close in nearly a month on Thursday, gaining as investors sought the safe-haven asset after the latest U.S. economic data signaled a softening economy and a tight job market, while Treasury yields and the dollar fell. Comex gold (XAUUSD:CUR) for August delivery closed +1.2% at $1,871.40/oz, the highest close since May 6, while silver (XAGUSD:CUR) settled +1.6% at $22.28/oz. Also, platinum (XPDUSD:CUR) ended +3.1% at $1,028.40/oz, retaking the $1K/oz mark in its fifth straight winning session. ETFs: (NYSEARCA:GLD), (NYSEARCA:GDX), (IAU), (NUGT), (PHYS), (SIL), (SIVR), (NYSEARCA:SLV), (PPLT), (PLTM), (PGM) Major precious metals miners enjoyed broad gains: (NEM) +2.2%, (GOLD) +3%, (AU) +5.3%, (GFI) +5.2%, (HMY) +9.4%, (AUY) +5.5%, (EGO) +5.4%, (AEM) +4.2%, (KGC) +5.8%, (IAG) +8.1%, (GORO) +8.7%, (AG) +10.4%, (EXK) +15.9%, (CDE) +10.3%, (HL) +8.7%, (SVM) +8.6%, (FSM) +8.2%, (PAAS) +8.6%, (AXU) +8.8%, (WPM) +4.9%. Data from payroll processing firm ADP showed job creation at companies
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Gold climbs to best close in four weeks as U.S. economy looks soft