Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

Pre Market | Dow Jones | Gold | Newsletters | Learn


Gold Prices Settle Higher; Silver Prices also Gain

Monday, December 31, 2012 4:41 PM
Gold prices settled higher on the final day of 2012, posting its 12th straight annual gain. Silver prices also edged higher on Monday. Gold gained amid optimism that lawmakers will reach a deficit reduction deal before the midnight deadline and avert the fiscal cliff. Hopes of a fiscal cliff deal were raised after President Obama said an agreement to prevent middle class tax hike was in sight, however, more work needed to be done before the midnight deadline to avert the fiscal cliff. Gold also benefited from strong economic data out of China. A survey of private factory managers showed that manufacturing activity in China hit its fastest pace in December since May 2011. Spot gold rose around 1.20% to $1,676 an ounce on Monday. Gold futures for delivery in February on the Comex division of the New York Mercantile Exchange settled $19.90 higher at $1,675.80 an ounce. Silver prices also gained on Monday, with spot silver climbing 1.3% to above $30 an ounce. In late trading on Monday, the iShares Silver Trust (ETF) (NYSE: SLV) was up 1.24% to $29.45, the ProShares Ultra Silver (ETF) (NYSE: AGQ) was up 2.40% to $44.36, and the ProShares UltraShort Silver (ETF) (NYSE: ZSL) was down 2.64% to $49.71. Platinum and palladium also edged higher on Monday. At last check, spot platinum was up 1% to near $1,536 an ounce, while spot palladium was up almost 1% to above $700 an ounce.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2016 the year you get RICH!

Latest Headlines

Berkshire net rises, operating profit misses forecastsBerkshire net rises, operating profit misses forecasts
(Reuters) - Warren Buffett`s Berkshire Hathaway Inc on Friday confirmed that its first-quarter profit rose 8 percent, while operating results fell short of analyst forecasts after demand fell at its B...
Traders on edge as Staples-Office Depot deal decision loomsTraders on edge as Staples-Office Depot deal decision looms
NEW YORK (Reuters) - Options traders are bracing for wild gyrations in the shares of Staples Inc and Office Depot Inc as the companies await a ruling that could scuttle their pending merger. Staples...
Gold jumps after U.S. payrolls data misses forecastsGold jumps after U.S. payrolls data misses forecasts
NEW YORK/LONDON (Reuters) - Gold jumped 1 percent on Friday after U.S. non-farm payrolls data for April came in weaker than expected, boosting expectations the Federal Reserve will delay further inter...
Wall Street gives up on June rate hike by Fed after payrolls disappoint: pollWall Street gives up on June rate hike by Fed after payrolls disappoint: poll
NEW YORK (Reuters) - Wall Street`s top banks have all but abandoned any expectation that the Federal Reserve will raise interest rates in June, and most now see the U.S. central bank`s next rate hike ...
U.S. FCC confirms approval of Charter, Time Warner Cable mergerU.S. FCC confirms approval of Charter, Time Warner Cable merger
WASHINGTON (Reuters) - The U.S. Federal Communications Commission confirmed on Friday that it had voted to approve Charter Communications Inc`s acquisitions of Time Warner Cable Inc and Bright House N...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More