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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Gold Prices Fall Sharply; Silver Prices also Tumble

Wednesday, July 24, 2013 2:58 PM
Gold prices fell sharply in trading on Wednesday as the U.S. dollar strengthened. Silver prices also fell sharply. Gold prices had climbed to a one-month high on Tuesday as concerns over an early-end to Federal Reserve’s bond buying program eased a little. However, the precious metal reversed some of its recent gains on profit booking. Speaking to Reuters, Afshin Nabavi, Head of Trading at MKS, said that this is a breather we desperately needed. Nabavi believes that $1,300-$1,350 an ounce ought to remain the range until August 2’s non-farm payrolls data. He added that if the number is bad for the dollar, then gold prices could test $1,400 an ounce. Nabavi noted that $1,300 an ounce will remain a strong support for the precious metal. At last check on Wednesday, spot gold prices were down 2.2% to $1,317 an ounce. Gold futures for delivery in August on the Comex division of the New York Mercantile Exchange were down 1.2% to $1,318 an ounce, at last check. Silver prices also fell sharply on Wednesday. At last check, silver prices were down 2.20% to $20 an ounce. In late trading, the iShares Silver Trust (ETF) (NYSE: SLV) was down 1.82% to $19.41, and the ProShares Ultra Silver (ETF) (NYSE: AGQ) was down 3.47% to $17.81. Platinum and palladium edged higher on Wednesday. At last check, spot platinum was up 0.3% to $1,443 an ounce. Spot palladium was last trading at $742 an ounce, up 0.40%.  
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Asia edges up after China rate cut, euro sagsAsia edges up after China rate cut, euro sags
TOKYO (Reuters) - Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the e...
China's economic growth expected to slow to 7 percent in first: state think tankChina's economic growth expected to slow to 7 percent in first: state think tank
SHANGHAI (Reuters) - China`s economy is expected to slow to an annual 7 percent in the first quarter of this year, a top Chinese government think tank said in a research report, a sign policy makers w...
Berkshire insurance 'superstar' could fill Buffett's shoes Berkshire insurance 'superstar' could fill Buffett's shoes
NEW YORK (Reuters) - Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate`s insurance busi...
Exclusive: NXP Semiconductors nears deal for Freescale Semiconductor - sourcesExclusive: NXP Semiconductors nears deal for Freescale Semiconductor - sources
(Reuters) - NXP Semiconductors NV is close to a deal to acquire smaller peer Freescale Semiconductor Ltd in a $40 billion cash and stock merger that will reshape the semiconductor industry, according ...
Exclusive: NXP Semiconductors nears deal for Freescale Semiconductor - sourcesExclusive: NXP Semiconductors nears deal for Freescale Semiconductor - sources
(Reuters) - NXP Semiconductors NV is close to a deal to acquire smaller peer Freescale Semiconductor Ltd in a $40 billion cash and stock merger that will reshape the semiconductor industry, accordin...

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.

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
AppleStock FREE AAPL Signals realtime daytrade signals