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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Gold Prices Settle Lower; Silver Prices Tumble

Thursday, February 7, 2013 4:52 PM
Gold prices edged lower in trading on Thursday as the U.S. dollar strengthened. Silver prices, meanwhile, fell sharply on Thursday. The dollar strengthened against the euro after comments from European Central Bank (ECB) President Mario Draghi on the state of the euro zone economy. Draghi’s comments also suggested that the ECB was concerned about the recent strengthening of the euro. Speaking to Reuters, Robin Bhar, analyst at Socgen, said that gold showed resilience even as the dollar strengthened after the ECB comments. Bhar said that there is some minor risk aversion washing through the market. At last check on Thursday, spot gold was trading 0.32% lower at $1,671.80 an ounce. Earlier in the day, spot gold fell to $1,662.80 an ounce. Gold futures for delivery in April on the Comex division of the New York Mercantile Exchange settled $7.50 lower at $1,671.30 an ounce. Silver prices tumbled on Thursday, with spot silver falling more than 1% to trade near $31.50 an ounce. In late trading on Thursday, the iShares Silver Trust (ETF) (NYSE: SLV) was down 1.20% to $30.44, the ProShares Ultra Silver (ETF) (NYSE: AGQ) was down 2.21% to $46.95, and the ProShares UltraShort Silver (ETF) (NYSE: ZSL) was up 2.27% to $45.52. Platinum and palladium also edged lower on Thursday. At last check, spot platinum was down at around $1,735 an ounce, while spot palladium was down 0.4% to below $762 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

Confidence grows strongly in euro zone economy in MarchConfidence grows strongly in euro zone economy in March
BRUSSELS (Reuters) - Confidence in the euro zone`s economy rose for a fourth straight month in March, a European Commission survey showed on Monday, confirming the bloc`s improving outlook helped by l...
Greece says not backing down on debt relief goalGreece says not backing down on debt relief goal
ATHENS (Reuters) - Greece has not given up on its aim to renegotiate its debt to render it manageable, the country`s deputy finance minister said on Monday as talks between Athens and its lenders on r...
Greece says not backing down on debt relief goalGreece says not backing down on debt relief goal
ATHENS (Reuters) - Greece has not given up on its aim to renegotiate its debt to render it viable, the country`s deputy finance minister said on Monday as talks between Athens and its lenders on refor...
Dufry details $4 billion fundraising plan for WDF buyDufry details $4 billion fundraising plan for WDF buy
ZURICH (Reuters) - Dufry AG <DUFN.S> has fleshed out plans for its takeover of Italy`s World Duty Free SpA (WDF) <WDF.MI>, as the Swiss company seeks to consolidate its position as the b...
Soros says ready to invest $1 billion in Ukraine if West helpsSoros says ready to invest $1 billion in Ukraine if West helps
VIENNA (Reuters) - Billionaire financier George Soros is ready to invest $1 billion in Ukraine, if Western countries help private investment there. He also put the odds of Greece leaving the euro at 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.

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
AppleStock FREE AAPL Signals realtime daytrade signals