Gold ends higher, locks in rise of 7% for 2012
Posted: Mon Dec 31, 2012 3:35 pmGold 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.
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.