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

ISS recommends votes for 2 Loeb nominees to Sotheby's boardISS recommends votes for 2 Loeb nominees to Sotheby's board
BOSTON (Reuters) - A prominent investor shareholder advisory firm recommended that Sotheby`s <BID.N> investors should vote for two of the three board candidates suggested by activist investor Da...
Spanish banks say fewer bad debts show turnaround could be hereSpanish banks say fewer bad debts show turnaround could be here
MADRID (Reuters) - Spain`s Caixabank and Sabadell posted fewer bad debts in the first quarter of 2014 and heralded the start of a turnaround for the country`s banks after a costly crisis. Spain`s ...
Exclusive: EU considers ban on deals with banks in CrimeaExclusive: EU considers ban on deals with banks in Crimea
BRUSSELS (Reuters) - The European Union may ban transactions with financial institutions in Crimea as part of its response to the annexation of the Ukrainian peninsula by Russia last month, an EU do...
U.S. durable goods orders rise broadly, boost growth outlookU.S. durable goods orders rise broadly, boost growth outlook
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in ...
Anti-graft group accuses EU of complacency on corruptionAnti-graft group accuses EU of complacency on corruption
BRUSSELS (Reuters) - European lobbyists carry out much of their work in secrecy and there is widespread complacency in Brussels about tackling corruption or conflicts of interest, Transparency Inter...

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.