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

IMF's Lagarde put under investigation in French fraud case: sourceIMF's Lagarde put under investigation in French fraud case: source
PARIS (Reuters) - IMF chief Christine Lagarde has been placed under formal investigation by French magistrates on Wednesday for her alleged role in a long-running political fraud case, a source close ...
IMF's Lagarde put under investigation in French fraud caseIMF's Lagarde put under investigation in French fraud case
PARIS (Reuters) - International Monetary Fund chief Christine Lagarde has been placed under formal investigation by French magistrates for negligence in a political fraud affair dating from 2008 when ...
Russia court closes McDonald's branch for 90 days: agencyRussia court closes McDonald's branch for 90 days: agency
MOSCOW (Reuters) - A Russian court on Wednesday ordered the closure of a McDonald`s <MCD.N> restaurant branch in Moscow for 90 days over breaches of sanitary rules, Russia`s RIA news agency repo...
Uber eyes aggressive expansion in Germany despite bansUber eyes aggressive expansion in Germany despite bans
FRANKFURT (Reuters) - U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities like Berlin and Hamburg, which have questioned its right to operate in highly ...
Japan Abe aide Hamada: Could do next sales tax hike in stagesJapan Abe aide Hamada: Could do next sales tax hike in stages
TOKYO (Reuters) - Japan could soften the impact of a planned sales tax increase by raising it in stages rather than IN a single hike, an outside adviser to Prime Minister Shinzo Abe said on Wednesday....

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.