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

Austria says EU must not seek collapse of Russian economyAustria says EU must not seek collapse of Russian economy
VIENNA (Reuters) - The head of Austria`s government criticized fellow European Union countries on Saturday that are calling for tougher sanctions against Moscow, warning against pushing the Russian ec...
China cuts red-tape for foreign bank branch openings, RMB businessChina cuts red-tape for foreign bank branch openings, RMB business
SHANGHAI (Reuters) - China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said on Saturday, the latest in a series of measures to liberalize the bank...
ECB's Constancio sees negative inflation rate in months ahead: magazineECB's Constancio sees negative inflation rate in months ahead: magazine
BERLIN (Reuters) - ECB Vice President Vitor Constancio said in a German magazine interview that he expected the inflation rate to turn negative in the coming months but added that if this was just a t...
ECB's Constancio sees negative inflation rate in months ahead: magazineECB's Constancio sees negative inflation rate in months ahead: magazine
BERLIN (Reuters) - European Central Bank Vice President Vitor Constancio said in a magazine interview he expected the euro zone inflation rate to turn negative in the coming months but that if this wa...
Three air-bag accidents at Boeing plant lead to extra safety measuresThree air-bag accidents at Boeing plant lead to extra safety measures
SEATTLE (Reuters) - Workers at planemaker Boeing`s <BA.N> Everett plant near Seattle are following extra safety measures after three air bag-related accidents, including the death of a technicia...

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
Forex Forex Signals major FX pairs signals