by Christopher Freeburn | December 17, 2012 4:46 pm
After rising in early Monday trading on comments by the Japanese Prime Minister that sparked hope for more Bank of Japan stimulus spending, gold ended the day almost unchanged.
A second meeting between Speaker of the House John Boehner and President Barack Obama suggested that a deal may be close in U.S. budget negotiations, cooling investor enthusiasm for the metal.
Gold futures for February delivery moved up slightly to $1,699.50 on Monday, according to CME Group. Gold traded as high as $1,701 and as low as $1,687.50. Gold bullion closed in London at $1,701, according to BullionVault.
Silver futures for February delivery dipped fractionally to $32.30 per ounce. Monday’s high for silver was $32.40, while the low was $32.14.
Gold and silver funds climbed in Monday trading.
Gold and silver mining ETFs were mixed during the day.
Gold mining shares were also mixed, with Eldorado Gold (NYSE:EGO) rising the highest.
Silver mining shares mostly moved lower 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.
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