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 2015 the year you get RICH!

Latest Headlines

China stocks fall at market open despite brokerage support China stocks fall at market open despite brokerage support
SHANGHAI (Reuters) - China`s major stock indexes opened down on Wednesday, despite pledges by a number of brokerages to increase their stock investment to support the market. The CSI300 index fell 3...
China brokerages pledge $4.7 billion more to buy shares: China Securities Journal China brokerages pledge $4.7 billion more to buy shares: China Securities Journal
SHANGHAI (Reuters) - Nine Chinese brokerages have pledged additional funds worth over 30 billion yuan ($4.71 billion) to buy shares, the China Securities Journal said on Wednesday, answering fresh gov...
Oil prices extend losses on U.S. oil inventory, manufacturing dataOil prices extend losses on U.S. oil inventory, manufacturing data
SINGAPORE (Reuters) - Oil prices fell as much as over 2 percent in early Asian trade on Wednesday, as a stronger than expected build in U.S. crude oil stocks and weaker U.S. manufacturing data fuele...
Dollar, commodity currencies stung by global gloom  Dollar, commodity currencies stung by global gloom
TOKYO (Reuters) - The dollar and commodity currencies like the Aussie were on the defensive on Wednesday as another stormy 24-hour session for financial markets forced investors to unwind well estab...
Indonesian employers resist workers' calls for higher wages Indonesian employers resist workers' calls for higher wages
JAKARTA (Reuters) - An Indonesian employers association labeled workers` demands for steep annual wage hikes as "unrealistic" on Tuesday, and warned there could be more layoffs at companies struggli...

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.