by Angela Nazworth | September 7, 2012 4:16 pm
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 reports.
Gold futures traded 2.1% higher Friday, with a final bid of $1,738 per ounce, according to CME Group data. 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.
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) 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 contributed to this report.
Source URL: https://investorplace.com/2012/09/gold-hits-highest-prices-since-february/
Short URL: http://invstplc.com/1fv2LAM
Copyright ©2018 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.