by Christopher Freeburn | October 31, 2012 4:35 pm
Gold futures rose on Wednesday after U.S. markets reopened in the wake Hurricane Sandy, and investor optimism was buoyed by comments from Germany’s finance minister signaling progress in Greek debt negotiations.
Gold futures for December delivery climbed to $1,719.10 on Wednesday, according to CME Group. Gold traded as high as $1,726.60 and as low as $1,709.80. Gold bullion closed in London at $1,723, according to BullionVault.
Silver futures for December delivery also rose, closing down at $32.32 per ounce. Wednesday’s high for silver was $32.44, while the low was $31.76.
Gold and silver funds moved higher in Wednesday trading.
Gold and silver mining ETFs climbed during the day.
Gold mining shares mostly posted gains on Wednesday, with Yamana Gold (NYSE:AUY) rising the most.
Silver mining shares mostly increased Wednesday.
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.
Source URL: http://investorplace.com/2012/10/gold-rises-as-u-s-markets-reopen/
Short URL: http://invstplc.com/1fwqsZs
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.