Updated from 3:17 p.m. with with final spot price and closing prices of various gold stocks NEW YORK ( TheStreet) -- Gold prices rose Wednesday as the yellow metal's safe-haven appeal continued to grow ahead of the upcoming general elections in Greece this weekend. Gold for August delivery settled up $5.60 at $1,619.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,626 and as low as $1,607 an ounce during the session, while the spot price closed up $7.80, according to Kitco.com.
FastMarkets.com's Moore noted that ETF data came out from one small Swiss firm that a number of investors had bought into gold's recent price dip below $1,600 (they also bought into silver); Moore said the Swiss generally have a longer-term view when it comes to gold holding. "I think the price, buying below $1,600, is an indicator that investors still view gold as a safe haven," Moore said. Among gold miners, Agnico-Eagle Mines ( AEM) closed at $42.03, up 15 cents, or 0.4%, and Kinross Gold ( KGC) fell to $8.22, down 12 cents, or 1.4%. Other gold stocks that rose included Eldorado Gold ( EGO), up 2.3% at $12.41, and Goldcorp ( GG), up 0.5% at $40.13. -- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux