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Gold ends higher, locks in rise of 7% for 2012

Daily newsbrief journal for December 2012, also see http://www.usdemocrats.com/brief for a global compendium library and follow twitter @usdemocrats


Gold ends higher, locks in rise of 7% for 2012

Postby admin » Mon Dec 31, 2012 3:35 pm

Gold ends higher, locks in rise of 7% for 2012
from MarketWatch.com - MarketPulse
LOS ANGELES (MarketWatch) -- Gold futures rose Monday, with investors ending the final trading day of 2012 with some optimism about tax rates as Washington raced to meet a deadline to avert automatic tax increases and spending cuts set to go into effect Jan. 1. Gold for February delivery rose $19.90, or 1.2%, to settle at $1,675.80 an ounce on the Comex division of the New York Mercantile Exchange. Gold finished the year with an annual gain of 7%. It was the twelfth consecutive yearly rise for the precious metal, but it was the smallest yearly gain since 2008. March silver futures closed up 0.8% at $30.23 an ounce, marking a gain of 8.3% for 2012.
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