Stock Market Watch

Gold Prices Marginally Lower; Silver Prices in Green

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Gold prices are marginally lower in trading currently, while silver prices have rebounded after falling earlier today. Gold is struggling for direction as investors remain cautious ahead of the outcome of a meeting of Federal Reserve policy makers.

HSBC analyst James Steel said in a research note today that if there are no announced changes to the Fed program, then the Fed statement is unlikely to have any obvious implications for the U.S. dollar.


At last check, gold futures for delivery in April on the Comex division of the New York Mercantile Exchange were trading 0.05% lower.

In a research note released earlier today, Commerzbank analysts wrote that gold is continuing to perform more like a risky asset than a safe haven and is moving in harmony with other commodities.

The SPDR Gold Trust (ETF) (NYSE: GLD) is currently trading 0.03% lower at $164.96, the Market Vectors ETF Trust (NYSE: GDX) is currently trading 0.61% higher at $52.69, and the iShares Gold Trust (ETF) (NYSE: IAU) is currently trading flat at $16.55.

Silver prices have rebounded after falling earlier in the day. At last check, silver for delivery in May was up 0.69%.

The iShares Silver Trust (ETF) (NYSE: SLV) is currently trading 0.21% higher at $32.70, the ProShares Ultra Silver (ETF) (NYSE: AGQ) is currently trading 0.51% higher at $59.42, and the ProShares UltraShort Silver (ETF) (NYSE: ZSL) is currently trading 0.51% lower at $9.83.

 

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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