Gold Surges Most in Seven Weeks

by Christopher Freeburn | November 6, 2012 5:08 pm

Gold Silver GLD IAU SLV[1]Gold soared in Tuesday trading, posting its biggest daily gain in seven weeks as investors awaited the outcome of the U.S. presidential election.

Gold futures for December delivery jumped to $1,715 on Tuesday, according to CME Group[2]. Gold traded as high as $1,720.90 and as low as $1,683.50. Gold bullion closed in London at $1,719, according to BullionVault[3].

Silver futures for December delivery also gained, closing up at $32.03 per ounce. Tuesday’s high for silver was $32.28, while the low was $31.07.

Gold and silver funds moved higher in Tuesday trading.

Gold and silver mining ETFs advanced during the day.

Gold mining shares were moved higher on Tuesday, with Eldorado Gold (NYSE:EGO[10]) rising the most.

Silver mining shares were mixed on Tuesday.

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

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