Wednesday, October 12, 2011

Gold, Silver Shares Rise, But Pare Gains Alongside Metals

Gold and silver shares rose Wednesday, but came off their highs alongside
precious metals in early afternoon trading. The Philadelphia Gold & Silver Index
(XAU) which climbed as much as 2.0% this morning was higher by just 0.9% at
195.26 later in the day. COMEX gold futures for December delivery reached
$1,693.90 this morning, but were up only $18.00 at $1,679.00 as of 12:40pm ET.

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