Gold Continues Momentum, Hits New 6-Month High

by Christopher Freeburn | September 14, 2012 5:02 pm

PreciousMetalsRecap Gold Continues Momentum, Hits New 6 Month High[1]Gold extended yesterday’s gains, posting a modest increase on Friday and hitting a new six month high.

Gold futures for December delivery closed up at $1,772.70 on Friday, according to CME Group[2]. Gold traded as high as $1,780.20 and as low as $1,767.70. Gold bullion closed in London at $1,774, according to BullionVault[3].

Silver futures closed at $34.656 per ounce. Friday’s high for silver was $34.985, while the low was $34.32.

Gold and silver funds posted small gains on Friday.

Gold and silver mining ETFs also rose.

Gold mining shares posted gains for the day, with NovaGold Resources (AMEX:NG[10]) again leading the way.

Silver mining shares also continued their rise.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[23] contributed to this report.

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  2. CME Group:
  3. BullionVault:
  4. GLD:
  5. IAU:
  6. SLV:
  7. GDX:
  8. GDXJ:
  9. SIL:
  10. NG:
  11. AEM:
  12. ABX:
  13. EGO:
  14. GG:
  15. KGC:
  16. NEM:
  17. AUY:
  18. CDE:
  19. HL:
  20. PAAS:
  21. SLW:
  22. SSRI:
  23. BullionVault:

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