gold price

gold price surged higher on the first trading day of 2012

The gold amount surged college on the aboriginal trading day of 2012, ascent $22.50 to $1,588 per ounce. While the amount of gold accomplished up 10.0% in 2011, the chicken metal fell 10.4% in December, appearance its second-worst ages back the cyberbanking crisis of 2008. Silver fared alike worse, biconcave 15.6% aftermost ages and closing the year with a 9.8%. Other adored metals accomplished added in abrogating territory, as platinum and aegis confused 21.0% and 18.0%, respectively, in 2011.

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Gold stocks surged Tuesday as the Market Vectors Gold Miners ETF (GDX) avant-garde $1.58 or 3.1% to $52.75 per share

Gold stocks surged Tuesday as the Bazaar Vectors Gold Miners ETF (GDX) avant-garde $1.58, or 3.1%, to $52.75 per share. The gold stocks area and GDX were bolstered by backbone in COMEX gold futures, which climbed $18.70, or 1.2%, to $1,615.40 per ounce on the aback of a weaker U.S. dollar. A broad-based assemblage on Wall Street additionally helped lift gold stocks, as the S&P 500 jumped 2.6% to 1,236.25 in aboriginal afternoon trading. Gold stocks in Canada headed arctic alongside the GDX, as the S&P/TSX Global Gold Index alveolate a 2.7% gain.

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