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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Gold Prices Settle Higher; Silver Prices also Rise

Tuesday, January 8, 2013 4:23 PM
Gold prices edged higher in trading on Tuesday following three straight sessions of losses. Silver prices also rose on Tuesday. At last check on Tuesday, spot gold was up 0.80% to $1,660 an ounce. Gold futures for delivery in February on the Comex division of the New York Mercantile Exchange settled $15.90 higher at $1,662.20 an ounce. Speaking to Reuters, Daniel Brebner, analyst at Deutsche Bank, said that it looks like we are in a period, whether sustainable or not, of some stability and this is resulting in the moribund performance of the gold price and that potentially could continue over the next quarter or two. Brebner, however, noted that the whole debt situation remains a challenge and accommodative monetary policy is very much seen as a way to minimize the negative repercussions of that. Due to these factors, Brebner believes that the gold story is not over. Silver prices also gained on Tuesday, with spot silver climbing more than 1% to $30.44 an ounce. In late trading on Tuesday, the iShares Silver Trust (ETF) (NYSE: SLV) was up 0.82% to $29.42, the ProShares Ultra Silver (ETF) (NYSE: AGQ) was up 1.78% to $44.04, and the ProShares UltraShort Silver (ETF) (NYSE: ZSL) was down 1.80% to $49.17. Platinum and palladium also rose on Tuesday. At last check, spot platinum was trading 1.80% higher at $1,580 an ounce, while spot palladium was trading 0.2% higher at close to $670 an ounce.
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

Wal-Mart says former CEO Scott to retire from boardWal-Mart says former CEO Scott to retire from board
(Reuters) - Wal-Mart Stores Inc <WMT.N> said former Chief Executive Officer Lee Scott and board member Chris Williams will not stand for re-election to the retailer`s board. Scott will complet...
Qualcomm faces China bribery allegations from U.S. regulatorQualcomm faces China bribery allegations from U.S. regulator
SAN FRANCISCO (Reuters) - Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned compani...
Herbalife punished 600 distributors for medical claims: ABC NewsHerbalife punished 600 distributors for medical claims: ABC News
WASHINGTON (Reuters) - Herbalife, a weight loss and nutrition company being investigated for allegations of running a pyramid scheme, disciplined hundreds of distributors last year for making unsubsta...
Scottish independence to rebalance UK economy, benefit Northern England: SalmondScottish independence to rebalance UK economy, benefit Northern England: Salmond
CARLISLE (Reuters) - An independent Scotland would rebalance the UK`s economy and bring prosperity to northern England, Scottish leader Alex Salmond said on Wednesday in a bid to dispel concerns sou...
Buffett: No need for more BNSF rail car buys on Keystone delayBuffett: No need for more BNSF rail car buys on Keystone delay
NEW YORK (Reuters) - Warren Buffett, the chairman of Berkshire Hathaway <BRKa.N>, said on Wednesday the company`s BNSF railroad unit probably will not need to expand its rail car purchases as a ...

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.