Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Gold and Silver Prices Up

Thursday, June 6, 2013 8:15 AM
Gold prices held mild gains during Asian trading hours on Thursday, aided by strong demand from China; nevertheless, gains are likely to be capped as investors wait for the non-farm payrolls data, scheduled to be released on Friday. Silver prices also edged higher in trading on Thursday. The job numbers would provide a fairly good idea over when the Federal Reserve could start tapering its ongoing bond purchase program. In case, job numbers show weakness or modest recovery then the Fed would be disinclined to decelerate its economic stimulating measures. At last check, U.S. gold futures for August delivery edged up 0.36% to $1,403.50 an ounce while spot gold added 0.12% to $1,404.46 an ounce. Meanwhile, the government of India’s decision to raise import barriers on gold is also keeping the sentiment subdued. Concerned over widening trade deficit, the Indian government earlier this week decided to hike import duties on gold by a third to 8 percent. The move came after gold imports in May hit 162 tons, which was twice the monthly average of 2011, showed a data provided by Reuters. Commenting over the demand from world’s two top gold consumers, a Sydney based precious metal traders said to Reuters, “The India news is having an impact but tremendous demand from China is helping.” “As prices went up to $1,400-$1,405, there were some sellers adding to their shorts and some longs are liquidating as well,” added the trader. In some other precious metal markets, platinum futures for July contract gained 0.16% to $1,513.00 an ounce while palladium futures for September contract fell 0.26% to $754.50 an ounce, at last check. Silver futures climbed 0.61% to $22.61 an ounce. In pre-market trading, the iShares Silver Trust (ETF) (NYSE: SLV) was up 0.32%, and the ProShares Ultra Silver (ETF) (NYSE: AGQ) was up 0.04%.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

Oman likely to start cutting subsidies next year -ministerOman likely to start cutting subsidies next year -minister
KUWAIT (Reuters) - Oman`s government is likely to start cutting some state subsidies next year as the decline in global oil prices pressures its finances, Minister for Financial Affairs Darwish al-B...
Deutsche Bank lawyer found dead in apparent NY suicide: WSJDeutsche Bank lawyer found dead in apparent NY suicide: WSJ
BERLIN (Reuters) - Calogero Gambino, a senior Deutsche Bank <DBKGn.DE> regulatory lawyer, has been found dead in New York in what appears to have been a suicide, the Wall Street Journal reported...
Areva-Siemens raises claim to $4.4 billion over Finnish reactor delaysAreva-Siemens raises claim to $4.4 billion over Finnish reactor delays
HELSINKI (Reuters) - The French-German consortium Areva-Siemens <AREVA.PA><SIEGn.DE>, the supplier of Finland`s much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Fi...
India's finance minister favors interest rate cut: paperIndia's finance minister favors interest rate cut: paper
NEW DELHI (Reuters) - India`s Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has s...
China's auto market growth may halve to 7 percent this year: industry body headChina's auto market growth may halve to 7 percent this year: industry body head
SHANGHAI (Reuters) - Growth in China`s auto market, the world`s biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. "Personal...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.