Gold Rises on Eve of U.S. Elections

by Christopher Freeburn | November 5, 2012 5:18 pm

PreciousMetalsRecap Gold Rises on Eve of U.S. Elections[1]Gold recovered modestly on Monday after falling sharply last week as the U.S. presidential election — and a decision about future American economic policy — loomed.

Gold futures for December delivery rose to $1,683.20 on Monday, according to CME Group[2]. Gold traded as high as $1,686.20 and as low as $1,672.50. Gold bullion closed in London at $1,688, according to BullionVault[3].

Silver futures for December delivery also gained, closing up at $31.13 per ounce. Monday’s high for silver was $31.23, while the low was $30.66.

Gold and silver funds moved higher in Monday trading.

Gold and silver mining ETFs retreated during the day.

Gold mining shares were mixed on Monday, with NovaGold Resources (NYSE:NG[10]) falling the most.

Silver mining shares declined on Monday.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[23] contributed to this report.

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  2. CME Group:
  3. BullionVault:
  4. GLD:
  5. IAU:
  6. SLV:
  7. GDX:
  8. GDXJ:
  9. SIL:
  10. NG:
  11. AEM:
  12. ABX:
  13. EGO:
  14. GG:
  15. KGC:
  16. NEM:
  17. AUY:
  18. CDE:
  19. HL:
  20. PAAS:
  21. SLW:
  22. SSRI:
  23. BullionVault:

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