by Christopher Freeburn | November 14, 2012 5:11 pm
Gold rose as investors mulled weaker-than-expected U.S. retail sales in October, rising violence around Syria and continued delays in implementing Greece’s latest bailout.
Gold futures for December delivery rose to $1,730.10 on Wednesday, according to CME Group. Gold traded as high as $1,733.30 and as low as $1,717.60. Gold bullion closed in London at $1,728, according to BullionVault.
Silver futures for December delivery increased to $32.88 per ounce. Wednesday’s high for silver was $32.90, while the low was $32.37.
Gold and silver funds were mostly stationary in Wednesday trading.
Gold and silver mining ETFs retreated during the day.
Gold mining shares moved lower on Wedesday, with NovaGold Resources (NYSE:NG) falling the most.
Silver mining shares retreated on 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/2012/11/gold-recovers-on-weaker-u-s-economic-data/
Short URL: http://invstplc.com/1nxYgK4
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.