Stock Market Watch

Gold and Silver Prices in Green

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Gold and silver prices have edged higher in trading today. Gold prices are rising on hopes of more monetary easing from the Federal Reserve after Friday’s jobs report fell well short of expectations. Renewed worries about the euro zone have also boosted gold’s appeal as a safe haven asset.

At last check, spot gold was trading 1.11% higher at $1,658.86 an ounce. Gold futures for delivery in June on the Comex division of the New York Mercantile Exchange are currently trading 1.21% higher at $1,663.80 an ounce.


Earlier today, UBS said in a research note that for gold to turn a corner and build momentum, physical buying really needs to kick in. UBS said that the end of the jewelers strike in India provides a good foundation.

Gold ETFs are also gaining in trading today. At last check, the SPDR Gold Trust (ETF) (NYSE: GLD) was trading 1.12% higher at $161.15, the Market Vectors ETF Trust (NYSE: GDX) was trading 1.21% higher at $47.03, and the iShares Gold Trust (ETF) (NYSE: IAU) was trading 1.13% higher at $16.17.

Silver futures are currently trading 0.16% higher at $31.575 an ounce.

The iShares Silver Trust (ETF) (NYSE: SLV) is currently trading 0.39% higher at $30.71, the ProShares Ultra Silver (ETF) (NYSE: AGQ) is currently trading 0.89% higher at $52.02, and the ProShares UltraShort Silver (ETF) (NYSE: ZSL) is currently trading 0.72% lower at $10.98.

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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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