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

Greek PM says on final stretch toward deal with lendersGreek PM says on final stretch toward deal with lenders
ATHENS (Reuters) - Greece`s Prime Minister Alexis Tsipras said on Saturday his leftist-led government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal...
ECB's Draghi urges euro zone to unite for economic reformECB's Draghi urges euro zone to unite for economic reform
ROME (Reuters) - European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc`s economies, saying sharing sovereignty was an opportunity and no...
Bank of England confirms EU exit research after email misfireBank of England confirms EU exit research after email misfire
LONDON (Reuters) - The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a new...
Bank of England confirms EU exit research after email misfireBank of England confirms EU exit research after email misfire
LONDON (Reuters) - The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a new...
South Korea seeks deeper cooperation with Japan on China-led AIIBSouth Korea seeks deeper cooperation with Japan on China-led AIIB
TOKYO (Reuters) - South Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States ...

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
swing trades FREE Swing Trade Ideas Clear, simple swing trades.
small cap swing trades Futures Day Trading System S&P + Crude Oil Signals
Autotrading Autotrade Stocks Try for Free!