by Christopher Freeburn | December 11, 2012 5:23 pm
Gold snapped a three-day streak of gains on Tuesday, falling modestly after U.S. House of Representatives Speaker John Boehner expressed hope that the U.S. fiscal cliff could be averted with a budget deal.
Gold futures for December delivery dipped $1709.20 on Tuesday, according to CME Group. Gold traded as high as $1,714.10 and as low as $1,705.90. Gold bullion closed in London at $1,713, according to BullionVault.
Silver futures for December delivery fell to $32.89 per ounce. Tuesday’s high for silver was $33.19, while the low was $32.78.
Gold and silver funds declined in Tuesday trading.
Gold and silver mining ETFs rose during the day.
Gold mining shares were mixed, with NovaGold Resources (NYSE:NG) falling the most.
Silver mining shares moved higher 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.
Source URL: http://investorplace.com/2012/12/gold-slips-on-boehner-budget-remarks/
Short URL: http://invstplc.com/1fuFvTs
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.