Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

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 2016 the year you get RICH!

Latest Headlines

Daimler hires Deloitte for internal emissions probeDaimler hires Deloitte for internal emissions probe
FRANKFURT (Reuters) - Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice,...
Air France-KLM to propose Jean-Marc Janaillac as CEO: sourceAir France-KLM to propose Jean-Marc Janaillac as CEO: source
PARIS (Reuters) - Air France-KLM`s board is to propose on Tuesday that Jean-Marc Janaillac becomes the Franco-Dutch airline group`s next chief executive after the resignation of Alexandre de Juniac, a...
Air France-KLM to name Jean-Marc Janaillac as new CEO: sourceAir France-KLM to name Jean-Marc Janaillac as new CEO: source
PARIS (Reuters) - Air France-KLM`s board is to appoint Jean-Marc Janaillac as the Franco-Dutch airline group`s next chief executive on Tuesday to replace Alexandre de Juniac, a source close to the mat...
Australia aims to boost international education as mining boom fadesAustralia aims to boost international education as mining boom fades
MELBOURNE (Reuters) - The Australian government outlined a plan on Saturday to boost the appeal of its universities and education institutions to foreign students, as the country looks to rebalance it...
United Airlines cuts COO Hart's pay by $1 million over Port Authority probeUnited Airlines cuts COO Hart's pay by $1 million over Port Authority probe
(Reuters) - United Continental Holdings Inc said in a proxy statement Friday that it cut the pay of one of its top officers in connection with an internal probe that resulted in its chief executive`s ...

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.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More