Gold Rises Amid FOMC Minutes Release

by Christopher Freeburn | July 10, 2013 5:08 pm

Gold Silver GLD IAU SLV[1]Gold moved fractionally higher in Wednesday trading prior to the release of the minutes of the Federal Reserve’s June Federal Open Market Committee meeting. Gold rose more strongly in after-hours trading following the minutes’ release.

Gold futures for August delivery edged up 0.1% to $1,247.40 per ounce Wednesday, according to CME Group[2]. Gold traded as high as $1,260.80 and as low as $1,242.20. Gold bullion closed in London at $1,255, according to BullionVault[3].

Silver futures for August delivery also gained 0.1% to $19.16 per ounce. Wednesday’s high for silver was $19.26, while the low was $19.

Gold and silver funds were mixed in Wednesday trading.

Gold and silver mining ETFs were also mixed during the day.

Gold mining shares were mostly lower Wednesday.

Silver mining shares mostly declined during the day.

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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