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

Pimco CEO says firm to expand equities business: CNBCPimco CEO says firm to expand equities business: CNBC
NEW YORK (Reuters) - Pimco intends to expand its equities business and there will be no difference in the firm`s portfolio management following the departure of former Chief Investment Officer Bill Gr...
Italy pushes back structural budget goal as recession bitesItaly pushes back structural budget goal as recession bites
ROME (Reuters) - Italy will push back its target of reaching a balanced budget in structural terms, adjusted for the business cycle, to 2017, a year later than originally planned, Economy Minister Pie...
Portugal sounds out Spanish banks on Novo Banco sale: sourcesPortugal sounds out Spanish banks on Novo Banco sale: sources
MADRID (Reuters) - Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with ...
U.S. confident can find balance with EU on investor rightsU.S. confident can find balance with EU on investor rights
WASHINGTON (Reuters) - The United States is keen to include investor protection in a trade pact being negotiated with the European Union and will work with EU officials to find the right balance, a se...
AT&T expects customer usage of NEXT to reach 50 percent in third quarterAT&T expects customer usage of NEXT to reach 50 percent in third quarter
WASHINGTON (Reuters) - AT&T Inc <T.N> expects that customer use of its equipment installment plan will have reached 50 percent in the third quarter, the company said in a regulatory filing...

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.