Gold, silver recover; energy prices edge lower

Staff Writer
Columbus CEO

Gold and silver prices are ending slightly higher Friday, at the end of a rough week.

It was the first gain for gold after four straight losses. Traders have been dumping gold since last week after the Federal Reserve laid out a possible exit from its bond-buying program. The prospect of the program ending allayed traders' fear of inflation and diminished the appeal of gold.

August gold rose $12.10, or 1 percent, to close at $1,223.70 an ounce. Gold is still down 9 percent since last Wednesday, when the Fed made its announcement.

Silver for July delivery jumped 91.8 cents, or 5 percent, to $19.451 an ounce. Silver is still down 3 percent since the Fed news.

Crude oil fell 49 cents to $96.56 a barrel.

Crop prices fell.