Stock:
Symbol Lookup
Register | Login
...
History
...
...

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 2014 the year you get RICH!

Latest Headlines

Sweden's Wallenberg dynasty prepares for sixth generationSweden's Wallenberg dynasty prepares for sixth generation
STOCKHOLM (Reuters) - Jacob Wallenberg, the 58-year-old head of one of Europe`s most enduring family dynasties, is trying to work out how the empire controlling much of Sweden`s economy could look w...
China rate cut knocks legs from under yuan rally, more volatility seenChina rate cut knocks legs from under yuan rally, more volatility seen
SHANGHAI (Reuters) - China`s surprise interest rate cut is another step toward softening the country`s exchange rate, setting the yuan on course to end the year lower for the first time since its la...
Putin stands by hawkish Russian central bank - for nowPutin stands by hawkish Russian central bank - for now
MOSCOW (Reuters) - With Russia`s economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising ...
A Deeper Dive Into Home Depot's Flash CrashA Deeper Dive Into Home Depot's Flash Crash
A half hour before the market closed on Tuesday, shares of The Home Depot, Inc. (NYSE: HD ) experienced a flash crash. Benzinga spoke with Dennis Dick, co-host of the #Premarket Prep show, about ...
Europe not at risk of full-blown deflation: ECB's ConstancioEurope not at risk of full-blown deflation: ECB's Constancio
FLORENCE Italy (Reuters) - Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Sa...

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.


Learn the Stock Market

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

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
Forex Forex Signals major FX pairs signals