by Christopher Freeburn | November 6, 2012 5:08 pm
Gold soared in Tuesday trading, posting its biggest daily gain in seven weeks as investors awaited the outcome of the U.S. presidential election.
Gold futures for December delivery jumped to $1,715 on Tuesday, according to CME Group. Gold traded as high as $1,720.90 and as low as $1,683.50. Gold bullion closed in London at $1,719, according to BullionVault.
Silver futures for December delivery also gained, closing up at $32.03 per ounce. Tuesday’s high for silver was $32.28, while the low was $31.07.
Gold and silver funds moved higher in Tuesday trading.
Gold and silver mining ETFs advanced during the day.
Gold mining shares were moved higher on Tuesday, with Eldorado Gold (NYSE:EGO) rising the most.
Silver mining shares were mixed on Tuesday.
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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