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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Gold Prices Settle Higher; Silver Prices Flat

Wednesday, February 6, 2013 5:18 PM
Gold prices settled higher in trading on Wednesday as renewed concerns over the euro zone boosted the precious metal’s safe-haven appeal. Silver prices were flat on Wednesday. Gold had slipped earlier on Wednesday; however, the precious metal rebounded amid rising political uncertainty in the euro zone. Gold has struggled so far this year as the improving global economic outlook has hurt the metal’s safe-haven appeal. Speaking to Reuters, Ole Hansen, analyst at Saxo Bank, said that gold seems to have disconnected from most other markets as investors simply don’t know in which direction they will get the next $100 move. Hansen further said that gold has not closed above or below its 50-day and 200-day simple moving average for the past six days. Hansen believes that once that happens, market participants will get a clue as to which of the two key support and resistance levels will be tested first. At last check on Wednesday, spot gold was trading 0.2% higher at $1,676 an ounce. Gold futures for delivery in April on the Comex division of the New York Mercantile Exchange gained $5.30 to settle at $1,678.80 an ounce. Silver prices were flat in trading on Wednesday. At last check, spot silver was trading close to $32 an ounce. The iShares Silver Trust (ETF) (NYSE: SLV) ended the day 0.16% higher at $30.81, the ProShares Ultra Silver (ETF) (NYSE: AGQ) ended the day 0.02% higher at $48.01, and the ProShares UltraShort Silver (ETF) (NYSE: ZSL) ended the day 0.16% lower at $44.51. Platinum prices rose sharply on Wednesday, with spot platinum gaining 1.5% to $1,732 an ounce. Spot palladium, meanwhile, fell 0.6% to $759 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

Hollande, Draghi agree on threat of deflation: officialHollande, Draghi agree on threat of deflation: official
PARIS (Reuters) - French President Francois Hollande and European Central Bank chief Mario Draghi agreed on Monday that deflation and weak growth were threatening the European Union`s economy, an offi...
Imperial Tobacco closes $13 billion of loansImperial Tobacco closes $13 billion of loans
LONDON (Reuters) - British cigarette maker Imperial Tobacco has closed loans of about $13 billion to back its acquisition of selected brands and assets from Reynolds American Inc, the lead banks sai...
Algeria's In Amenas gas plant returning to normal after attackAlgeria's In Amenas gas plant returning to normal after attack
OSLO/ALGIERS (Reuters) - A major gas plant in Algeria where 40 employees were killed by Islamist militants last year is returning to normal operations following a big step up in security, one of the...
Why the shale revolution is not about to end: KempWhy the shale revolution is not about to end: Kemp
LONDON (Reuters) - Doubts about the sustainability of the North American oil and gas boom center on rapidly declining output from many shale wells after they are initially drilled. Shale skeptics ...
As aluminum market shifts to deficit, all eyes on China: Andy HomeAs aluminum market shifts to deficit, all eyes on China: Andy Home
LONDON (Reuters) - For the world`s hard-pressed aluminum producers the current outlook is the rosiest in many years. Russian giant UC Rusal, for example, has just returned to profit for the first ...

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.