Gold futures extended their gains Monday afteroon as the U.S. dollar relinquished its gains against a basket of foreign currencies.
COMEX gold for December 2011 delivery settled higher by $35.00, or 2.0%, at $1,791.10 per ounce. In electronic trading, the gold futures later reached $1,799.30 per ounce – its highest level since September 21st of this year.
Silver followed the yellow metal higher, by $0.74, or 2.2%, to $34.83 per ounce.
Source; http://www.goldalert.com/2011/11/gold-futures-surge-toward-1800-u-s-dollar-dips/
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