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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Gold Prices Settle Lower; Silver Prices also Slip

Thursday, January 3, 2013 4:45 PM
Gold prices edged lower in trading on Thursday as the U.S. dollar strengthened. Silver prices also fell sharply on Thursday. Gold slipped as initial excitement over the fiscal cliff deal reached late Tuesday faded. The precious metal tracked losses in the equity market, which also slipped after posting huge gains on Wednesday. A stronger U.S. dollar also put pressure on gold. The dollar rose to a three-week high against a basket of currencies on Thursday. Speaking to Reuters, David Jolie, strategic analyst at Mitsui Precious Metals, said that the deal to avoid a fiscal cliff has boosted some problems into the long grass by a considerable distance but there are still issues out there such as expanding the debt ceiling, which could prove to be difficult negotiations. At last check Thursday, spot gold was down over 1% to $1,662.86 an ounce. Gold futures for delivery in February on the Comex division of the New York Mercantile Exchange settled $14.20 lower at $1,674.60 an ounce. Silver prices fell sharply on Thursday. At last check, spot silver was down 1.7% to $30 an ounce. In late trading on Thursday, the iShares Silver Trust (ETF) (NYSE: SLV) was down 2.67% to $29.13, the ProShares Ultra Silver (ETF) (NYSE: AGQ) was down 5.29% to $43.37, and the ProShares UltraShort Silver (ETF) (NYSE: ZSL) was up 5.24% to $50.57. Platinum and palladium also slipped. At last check, spot platinum was down 0.4% to $1,566 an ounce, while spot palladium was down almost 2% to $689 an ounce.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Rubbing along with robots tackles Abe's double dilemmaRubbing along with robots tackles Abe's double dilemma
TOKYO (Reuters) - Factory worker Satomi Iwata has new co-workers, a troupe of humanoid automata that are helping to address two of Japan`s most pressing concerns - a shortage of labor and a need for...
Insight - A Greek challenge for 'Mr Europe' JunckerInsight - A Greek challenge for 'Mr Europe' Juncker
BRUSSELS (Reuters) - It`s sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a `Yes` vote in a referendum on which he says hangs the future of Europe - and his own c...
China brokerages pledge to buy at least $19.3 billion in shares to stabilise marketChina brokerages pledge to buy at least $19.3 billion in shares to stabilise market
BEIJING (Reuters) - China`s top 21 securities brokerages said on Saturday that they would collectively invest at least 120 billion yuan ($19.3 billion or 12.39 billion pounds) to help stabilise the co...
China curbs IPOs, enlists brokers in all-out bid to end market routChina curbs IPOs, enlists brokers in all-out bid to end market rout
BEIJING/SHANGHAI (Reuters) - China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a ...
Credit Suisse CEO vows action for 'impatient' investors - NZZCredit Suisse CEO vows action for 'impatient' investors - NZZ
(Reuters) - New Credit Suisse AG <CSGN.VX> Chief Executive Tidjane Thiam has told a Swiss newspaper he wants quick action to implement results of strategic review he is conducting at the Swiss b...

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.