by Angela Nazworth | August 27, 2012 4:43 pm
Gold traded 0.1% higher Monday, with a final bid of $1,672.40 per ounce, according to CME Group data. Gold prices reached a high of $1,676 and a low of $1,666.50. Gold bullion finished at $1,670 per ounce for Monday’s session in London.
Silver futures climbed 0.1% Monday, with a final bid of $31.05 per ounce. Monday’s high for silver reached $31.23, and the low was $30.65.
Gold funds traded lower while iShares Silver Trust (NYSE:SLV) didn’t budge on Monday.
Gold and silver mining ETFs suffered losses.
Gold mining shares fell Monday, with NovaGold Resources taking it on the chin.
Silver mining shares also were lower Monday.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.
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