Gold Hits Highest Prices Since February

by Angela Nazworth | September 7, 2012 4:16 pm

Gold Silver GLD IAU SLV[1]Gold and silver surged Friday, ending a relatively positive week on a stellar high. Gold rose to its highest price since February and silver reached its highest level since March, BullionVault[2] reports.

Gold futures traded 2.1% higher Friday, with a final bid of $1,738 per ounce, according to CME Group data[3]. Gold prices reached a high of $1,742 and a low of $1,688.80. Gold bullion finished Friday at $1,740 per ounce in London[4].

Silver futures jumped 3% Friday, with a final bid of $33.64 per ounce. Friday’s high for silver reached $33.66, and the low was $32.

Gold and silver funds brought home big gains Friday.

Gold and silver mining ETFs rose significantly Friday.

Gold mining shares reported healthy wins, with NovaGold Resources (AMEX:NG[11]) leading the way with a 7% surge.

Silver mining shares also showed gains.

As of this writing, Angela Nazworth did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[24] contributed to this report.

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  2. BullionVault:
  3. CME Group data:
  4. per ounce in London:
  5. GLD:
  6. IAU:
  7. SLV:
  8. GDX:
  9. GDXJ:
  10. SIL:
  11. NG:
  12. AEM:
  13. ABX:
  14. EGO:
  15. GG:
  16. KGC:
  17. NEM:
  18. AUY:
  19. CDE:
  20. HL:
  21. PAAS:
  22. SLW:
  23. SSRI:
  24. BullionVault:

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