by Christopher Freeburn | November 5, 2012 5:18 pm
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. 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.
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) 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 contributed to this report.
Source URL: http://investorplace.com/2012/11/gold-rises-on-eve-of-u-s-elections/
Short URL: http://invstplc.com/1ftoSHL
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.