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

Draghi says ECB should reflect on frequency of policy meetingsDraghi says ECB should reflect on frequency of policy meetings
AMSTERDAM (Reuters) - European Central Bank President Mario Draghi said on Thursday the central bank should reflect on the frequency of its policy meetings to keep expectations for further stimulus at...
Ericsson to split Network unit in twoEricsson to split Network unit in two
STOCKHOLM (Reuters) - Ericsson, the world`s top mobile telecom equipment maker, said on Thursday it would split its key Network unit in two as communications technology relies more on software and the...
Tokyo Court orders bankruptcy trustee to begin Mt. Gox liquidationTokyo Court orders bankruptcy trustee to begin Mt. Gox liquidation
TOKYO (Reuters) - Tokyo District Court ordered liquidation to begin at failed bitcoin exchange Mt. Gox, the company said on Thursday, after the bankruptcy administrator said on April 16 that it would ...
China confirms three Marubeni employees detainedChina confirms three Marubeni employees detained
BEIJING (Reuters) - The customs authority in the Chinese port city of Qingdao has detained three Chinese employees of a subsidiary of the Japanese trading giant Marubeni Corp <8002.T> on suspici...
Wage talks resume as South Africa platinum strike marks 13th weekWage talks resume as South Africa platinum strike marks 13th week
JOHANNESBURG (Reuters) - Marathon talks aimed at ending a crippling three-month strike in South Africa`s platinum sector were to resume on Thursday after the world`s top producers and union AMCU spe...

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.