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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Gold Prices Settle Lower; Silver Prices also Slip

Wednesday, January 9, 2013 4:46 PM
Gold prices slipped in trading on Wednesday despite signs of stronger Asian physical demand from China and India. Silver prices also edged lower on Wednesday. Gold has been under pressure since last week after minutes from Federal Reserve’s most recent monetary policy meeting showed that some Fed officials want to end the quantitative easing program before the end of this year. After falling for three straight sessions, gold recovered on Tuesday amid speculation that the Bank of Japan will announce further easing measures this month. However, the precious metal failed to extend its gains on Wednesday. Speaking to Reuters, David Meger, Director of Metals Trading at Vision Financial Markets, said that the gold market now focuses on the European Central Bank (ECB) meeting on Thursday and the FOMC meeting at the end of the month. Meger said that other than those, gold has struggled to find a direction in a slow news week. At last check on Wednesday, spot gold was down 0.2% to $1,656 an ounce. Gold futures for delivery in February on the Comex division of the New York Mercantile Exchange fell $6.70 to settle at $1,655.50 an ounce. Silver prices also edged lower on Wednesday. At last check, spot silver was down 0.2% to around $30 an ounce. In late trading on Wednesday, the iShares Silver Trust (ETF) (NYSE: SLV) was down 0.07% to $29.35, the ProShares Ultra Silver (ETF) (NYSE: AGQ) was down 0.23% to $43.80, and the ProShares UltraShort Silver (ETF) (NYSE: ZSL) was up 0.22% to $49.44. Platinum and palladium rose sharply on Wednesday. At last check, spot platinum was up 1.3% to $1,594 an ounce, while spot palladium was up 2.9% to $687 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

Ackman to pay Herbalife whistleblowers' legal fees, not lost payAckman to pay Herbalife whistleblowers' legal fees, not lost pay
BOSTON (Reuters) - Activist investor William Ackman, who is betting more than $1 billion that Herbalife is a pyramid scheme, will cover legal fees and damages for whistleblowers who have spoken out ...
UPS ratifies new five-year labor agreementUPS ratifies new five-year labor agreement
(Reuters) - United Parcel Service Inc <UPS.N>, the world`s biggest courier company, said on Thursday it ratified a five-year contract with higher wages and benefits for 125,000 unionized employe...
Visa says revenue growth to slow further this quarterVisa says revenue growth to slow further this quarter
(Reuters) - Visa Inc <V.N>, the world`s largest credit and debit card company, said its revenue growth would slow this quarter due to a strong U.S. dollar, sending the company`s shares down abou...
Microsoft beats Wall Street on new CEO debutMicrosoft beats Wall Street on new CEO debut
SEATTLE (Reuters) - Microsoft Corp`s <MSFT.O> new chief executive got off to a winning start with Wall Street on Thursday as the world`s largest software company eased past analysts` profit es...
Amazon's revenue increases even as spending climbsAmazon's revenue increases even as spending climbs
SAN FRANCISCO (Reuters) - Amazon.com Inc`s revenue grew more than expected for the first quarter, offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce g...

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.