Daily Gold Update

Source: Dana Samuelson, American Gold Exchange

Austin— Gold and silver surged higher Monday, adding to last weeks gains, as buyers bought into the recent uptrend. Gold traded over $1,320 in Asia last night and then popped higher early in the New York session, trading over $1,340 before profit taking kicked in. Silver gained strongly, moving over $21 in Asia and then surging to $21.50 in New York, before settling down on profit taking. Platinum and palladium were both modestly softer.

At the New York close December gold gained $22 or 1.7%, closing at $1,334.20. September silver gained $0.93, closing at $21.34, up 4.6%. October platinum shed $1.90, closing at $1,498.70. September palladium lost $3.40, closing the New York session at $737.60.