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

Bank of America accounting chief, two directors to step downBank of America accounting chief, two directors to step down
(Reuters) - Bank of America Corp <BAC.N> said on Thursday that two members of its board of directors and its chief accounting officer will be leaving the company in coming weeks. Directors Cha...
Bank of America names Rudolf Bless chief accounting officerBank of America names Rudolf Bless chief accounting officer
(Reuters) - Bank of America Corp <BAC.N> said Rudolf Bless will succeed Neil Cotty as chief accounting officer. Bless, currently Cotty`s deputy, joined the bank last November, before which he ...
Fiat gives boost to Italy PM's job reform with stable contractsFiat gives boost to Italy PM's job reform with stable contracts
MILAN (Reuters) - Fiat Chrysler has agreed to give permanent contracts to hundreds of new hires at its Melfi plant in southern Italy currently on short-term agreements, a union said on Thursday, in an...
U.S. SEC targets asset manager conflicts of interest: investigatorU.S. SEC targets asset manager conflicts of interest: investigator
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is unearthing numerous examples of hidden conflicts of interest at asset management firms, and plans to file a series of cases to c...
TD Bank CEO say very happy with stake in TD AmeritradeTD Bank CEO say very happy with stake in TD Ameritrade
TORONTO (Reuters) - Toronto-Dominion Bank is very happy with its stake in discount brokerage TD Ameritrade Holding Corp and views it as a key investment, the Canadian lender`s chief executive said on ...

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