Gold Hits Highest Prices Since February
by Angela Nazworth | September 7, 2012 4:16 pm
[1]Gold and silver surged Friday, ending a relatively positive week on a stellar high. Gold rose to its highest price since February and silver reached its highest level since March, BullionVault[2] reports.
Gold futures traded 2.1% higher Friday, with a final bid of $1,738 per ounce, according to CME Group data[3]. Gold prices reached a high of $1,742 and a low of $1,688.80. Gold bullion finished Friday at $1,740 per ounce in London[4].
Silver futures jumped 3% Friday, with a final bid of $33.64 per ounce. Friday’s high for silver reached $33.66, and the low was $32.
Gold and silver funds brought home big gains Friday.
- The SPDR Gold Trust (NYSE:GLD[5]) finished 2.2% higher.
- The iShares Gold Trust (NYSE:IAU[6]) also was 2.2% higher.
- The iShares Silver Trust (NYSE:SLV[7]) climbed 3.1%.
Gold and silver mining ETFs rose significantly Friday.
- The Market Vectors Gold Miners ETF (NYSE:GDX[8]) rose 2.7%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ[9]) sprouted 3%.
- The Global X Silver Miners ETF (NYSE:SIL[10]) climbed 3.3%.
Gold mining shares reported healthy wins, with NovaGold Resources (AMEX:NG[11]) leading the way with a 7% surge.
- Agnico-Eagle Mines (NYSE:AEM[12]) rose 2.3%.
- Barrick Gold (NYSE:ABX[13]) climbed 3%.
- Eldorado Gold (NYSE:EGO[14]) jumped 6.5%.
- Goldcorp (NYSE:GG[15]) finished 2% higher.
- Kinross Gold (NYSE:KGC[16]) lifted 5.8%
- Newmont Mining (NYSE:NEM[17]) finished 1.3% higher.
- NovaGold Resources soared 7%
- Yamana Gold (NYSE:AUY[18]) rose 1.8%.
Silver mining shares also showed gains.
- Coeur d’Alene Mines (NYSE:CDE[19]) rose 3.1%.
- Hecla Mining (NYSE:HL[20]) climbed 5.2%.
- Pan American Silver (NASDAQ:PAAS[21]) jumped 2.5%.
- Silver Wheaton (NYSE:SLW[22]) was 1.8% higher.
- Silver Standard Resources (NASDAQ:SSRI[23]) ticked up 0.5%.
As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[24] contributed to this report.
- [Image]: https://investorplace.com/wp-content/uploads/2011/10/PreciousMetalsRecap.gif
- BullionVault: http://goldnews.bullionvault.com/buying-gold-090720121
- CME Group data: http://www.cmegroup.com/trading/metals/precious/gold_quotes_settlements_futures.html
- per ounce in London: http://www.bullionvault.com/
- GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
- IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
- SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
- GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
- GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
- SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
- NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
- AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
- ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
- EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
- GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
- KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
- NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
- AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
- CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
- HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
- PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
- SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
- SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
- BullionVault: http://www.bullionvault.com
Source URL: https://investorplace.com/2012/09/gold-hits-highest-prices-since-february/