Gold Hits Highest Prices Since February

by Angela Nazworth | September 7, 2012 4:16 pm

PreciousMetalsRecap Gold Hits Highest Prices Since February[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.

Gold and silver mining ETFs rose significantly Friday.

Gold mining shares reported healthy wins, with NovaGold Resources (AMEX:NG[11]) leading the way with a 7% surge.

Silver mining shares also showed gains.

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.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/10/PreciousMetalsRecap.gif
  2. BullionVault: http://goldnews.bullionvault.com/buying-gold-090720121
  3. CME Group data: http://www.cmegroup.com/trading/metals/precious/gold_quotes_settlements_futures.html
  4. per ounce in London: http://www.bullionvault.com/
  5. GLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GLD
  6. IAU: http://studio-5.financialcontent.com/investplace/quote?Symbol=IAU
  7. SLV: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLV
  8. GDX: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDX
  9. GDXJ: http://studio-5.financialcontent.com/investplace/quote?Symbol=GDXJ
  10. SIL: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIL
  11. NG: http://studio-5.financialcontent.com/investplace/quote?Symbol=NG
  12. AEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=AEM
  13. ABX: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABX
  14. EGO: http://studio-5.financialcontent.com/investplace/quote?Symbol=EGO
  15. GG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GG
  16. KGC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KGC
  17. NEM: http://studio-5.financialcontent.com/investplace/quote?Symbol=NEM
  18. AUY: http://studio-5.financialcontent.com/investplace/quote?Symbol=AUY
  19. CDE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CDE
  20. HL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HL
  21. PAAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAAS
  22. SLW: http://studio-5.financialcontent.com/investplace/quote?Symbol=SLW
  23. SSRI: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSRI
  24. BullionVault: http://www.bullionvault.com

Source URL: http://investorplace.com/2012/09/gold-hits-highest-prices-since-february/
Short URL: http://invstplc.com/1fv2LAM