October 2009

Precious metals and commodities in general retreated Friday with New York gold futures falling 0.6 percent as a firmer US dollar weighed in following news that consumer spending fell sharply in September. New York bullion prices follow: Silver for December delivery lost most of Thursday’s gain with a fall of 40 cents, or 2.4 percent, [...]

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Gold and other precious metals spiked Thursday after a report by the Commerce Department said the economy expanded at a 3.5 percent annualized pace in the third quarter. Gold’s rise broke a losing streak that had extended to five days. New York bullion figures follow: Silver for December delivery jumped 41.5 cents, or 2.6 percent, [...]

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Gold finished down Wednesday to mark a fifth straight day of losses. A stronger US dollar was the cited reason for the yellow metal’s decline. Silver and platinum also fell. New York precious metals figures follow: Silver for December delivery fell 30 cents, or 1.8 percent, to $16.240 an ounce. It ranged from $16.155 to [...]

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New York gold declined Tuesday and for the fourth straight day as the dollar advanced on news of a decline in consumer confidence. Silver was pounded hard for a second day, dropping more than 3 percent. Platinum declined as well. New York precious metals figures follow: Silver for December delivery plunged 55.5 cents, or 3.2 [...]

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New York gold futures on Monday retreated to touch a price low that had not been seen in more than two-weeks. The yellow metal was pushed down by a rebounding US dollar, which led to the negative direction of commodities in general. Oil futures tumbled $1.82 to $78.68 a barrel. Gold tends to follow oil [...]

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Precious metals enjoyed modest gains on the week as the US dollar was the predominating driver of where prices went. A weaker greenback on Friday combined with lower crude oil prices helped gold slide slightly from earlier week highs. Oil did jump nearly 3.5 percent this week while gasoline prices at the pump were almost [...]

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Gold declined nearly $6 Thursday, breaking away from a four-day winning streak as the US dollar gained ground. Silver and platinum also fell, as did crude oil which retreated from a one-year high. US stocks rallied on positive news from several corporate earnings reports. New York precious metals figures follow: Silver for December delivery fell [...]

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Gold ended higher Wednesday and for the fourth straight day as a decline in the US dollar propped precious metals higher — silver and platinum advanced as well. In other markets, crude oil surged above $81 a barrel to a one-year high while US stocks retreated from their own earlier one-year highs. New York precious [...]

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New York gold futures climbed Tuesday, although the yellow metal lost a portion of earlier gains following a lifted US dollar which also pulled down oil prices for the first time in nine days. Silver, platinum and US stocks edged slightly lower. New York precious metals figures follow: Silver for December delivery fell 6.7 cents, [...]

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