by Christopher Freeburn | September 28, 2012 5:14 pm
Gold moved slightly lower on Friday, heading for an 11.5% gain for the third quarter — its best quarterly showing in two years — as oil prices moved up and investors regained confidence over European austerity measures.
Gold futures for December delivery fell to $1,773.90 on Friday, according to CME Group. Gold traded as high as $1,785.90 and as low as $1,769.50. Gold bullion closed in London at $1,774, according to BullionVault.
Silver futures for December delivery also slipped, closing down at $34.57 per ounce. Friday’s high for silver was $34.92, while the low was $34.39.
Gold and silver funds moved lower in Friday trading.
Gold and silver mining ETFs also slipped during the day.
Gold mining shares mostly fell on Friday, with NovaGold Resources (AMEX:NG) falling the hardest.
Silver mining shares rose were mostly lower in Friday trading.
As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.
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