Wednesday, August 31, 2011

Gold Futures Rise 12.3% in August, Best Month Since Nov. 09

Gold futures inched higher on Wednesday, with the COMEX December 2011 contract
settling higher by $1.90, or 0.1%, at $1,831.70 per ounce. In doing so, COMEX
gold futures posted a 12.3% gain in August, marking its best month since a 12.8%
surge in November 2009. Silver rallied alongside the yellow metal today, by
$0.30, or 0.7%, to $41.77 per ounce. For the month, silver lagged gold, as it
advanced 5.3%.

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