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 2014 the year you get RICH!

Latest Headlines

GE, IMI, buyout funds line up bids for Italy's Petrolvalves: sourcesGE, IMI, buyout funds line up bids for Italy's Petrolvalves: sources
LONDON (Reuters) - General Electric <GE.N>, UK engineer IMI <IMI.L> and buyout funds CVC and First Reserve are preparing binding offers for Italian valve maker Petrolvalves, sources fami...
Airbus offers Poland joint ventures, no urgency in share stakeAirbus offers Poland joint ventures, no urgency in share stake
KIELCE Poland (Reuters) - Airbus Group <AIR.PA> is interested in setting up joint ventures to support the Polish defense industry but has downplayed the question of Warsaw taking a direct shar...
Exclusive: Lloyds could move south if Scots vote for independenceExclusive: Lloyds could move south if Scots vote for independence
LONDON (Reuters) - Lloyds Banking Group <LLOY.L> is considering having its registered office in London rather than Edinburgh should Scots vote for independence, banking industry sources told R...
Switzerland urged to step up fight against ill-gotten fundsSwitzerland urged to step up fight against ill-gotten funds
BERNE (Reuters) - Switzerland is not doing enough to rid itself of ill-gotten funds, despite loosening its banking secrecy, and should now beef up its law against money laundering, an global corruptio...
France likely to lower 2015 spending cuts target: Sapin to AFPFrance likely to lower 2015 spending cuts target: Sapin to AFP
PARIS (Reuters) - The French government`s target to rein in public spending next year by 21 billion euros may be lowered due to low inflation, Finance Minister Michel Sapin said in an interview with A...

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.