by Christopher Freeburn | October 3, 2012 4:52 pm
Despite falling crude oil prices and a stronger U.S. dollar, gold moved up slightly on Wednesday after payroll processor ADP delivered a better-than-expected report on the U.S. jobs market.
Gold futures for December delivery rose to $1,779.80 on Wednesday, according to CME Group. Gold traded as high as $1,784 and as low as $1,773. Gold bullion closed in London at $1,780, according to BullionVault.
Silver futures for December delivery also edged higher, closing up at $34.69 per ounce. Wednesday’s high for silver was $34.90, while the low was $34.515.
Gold and silver funds trended up in Wednesday trading.
Gold and silver mining ETFs moved lower during the day.
Gold mining shares mostly fell on Wednesday, with Eldorado Gold (NYSE:EGO) posting the sharpest decline.
Silver mining shares declined in Wednesday 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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