April 2010

U.S. gold prices on Wednesday advanced to their highest level since early December after Standard & Poor’s downgraded Spain’s debt rating, which boosted the yellow metal’s safe-haven appeal. On Tuesday, Standard & Poor’s cut Greece’s and Portugal’s debt rating, which also ignited buying. "Reports hit the news wires Wednesday that Standard & Poors downgraded Spain’s [...]

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U.S. gold prices hit a multi-week high on Tuesday — in spite of a stronger dollar and falling oil prices — as safe-haven buying emerged after concerns over Greece’s and Portugal’s debt increased when Standard & Poor’s cut their credit ranking. Other metals fell, registering losses between 1.2% and 3.1%. "Comex gold futures closed higher, [...]

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U.S. precious metals were mixed on Thursday, with a stronger dollar pressuring commodities lower. Despite that, gold climbed modestly as did silver, each rising 0.1%. Platinum and palladium, however, fell with respective losses of 0.5% and 0.4%. "Comex gold futures closed slightly higher and near the session high Thursday, after prices were under profit-taking selling [...]

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U.S. bullion prices rallied on Wednesday as gold was lifted by a weaker dollar, higher crude prices and an increasing volume of investment demand — that, despite a government report showing tamed U.S. inflation in March, which would normally be a bearish sign for the metal. Commodities were also spurred by greater economic confidence, with [...]

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U.S. gold fell slightly on Thursday, unable to bypass a stronger dollar as it did during the prior two days. By day’s end, the yellow metal lost a dime. Silver and platinum dropped a bit more, each registering declines of 0.4%. In New York precious metal prices,

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U.S. gold on Wednesday pushed above $1150 an ounce to register a 2010 high. The yellow metal made its move higher in the face of a stronger greenback — again, and despite tumbling oil prices. Gold usually moves opposite to the dollar and along with the direction of crude. Its failure to do so was [...]

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