June 2010

Bullion 2010 Second Quarterly Prices: Gold, Silver and Platinum

by Bullion Prices Staff on June 30, 2010

U.S. gold prices edged higher on the final day in June, capping the seventh straight quarterly gain and rising the most in any quarter since the third one in 2007. "Comex gold futures prices closed slightly higher Wednesday, as U.S. stock indexes held steady ground after strong selling pressure seen Tuesday. The stable stock markets […]

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New York gold prices finished higher on Tuesday as haven buying rose following news that China’s economic growth may be slowing coupled with similar fears for the U.S. after faltering consumer sentiment numbers were revealed. "A stronger U.S. dollar index and solidly lower crude oil futures prices did limit the upside in gold Tuesday. The […]

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Gold Prices End Shy of Record, First Weekly Loss in Five

by Bullion Prices Staff on June 26, 2010

New York gold futures on Friday closed shy off their record set just seven days before, which left the yellow metal not only short of a new high, but also ended the week down for the first time since mid-May. Gold for August delivery rose $10.30, or 0.8%, to $1,256.20, marking a weekly loss of […]

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U.S. gold prices rallied on Thursday, falling 50 cents shy of $1,250 an ounce at its highest level. By day’s end, the yellow metal pared a few dollars worth of gains but still finished at its highest price since Friday, June 18. "Comex gold futures prices closed higher and near the session high Thursday, and […]

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U.S. gold prices declined slightly as the yellow metal again followed its more accustomed route of moving inversely with the dollar and along with oil. "Comex gold futures are closed modestly lower Wednesday, as the market was pressured by lower crude oil prices and a firmer U.S. dollar," Jim Wyckoff of Kitco News. "Much of […]

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U.S. gold prices inched higher Tuesday as a firmer, more traditional move with the dollar was noted by analysts. "Gold’s inverse relationship to the dollar is returning," Leonard Kaplan, the president of Prospector Asset Management, was quoted on Bloomberg. "It was an abnormality that gold was moving with the dollar. Eventually, these market relationships revert […]

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U.S. gold prices hit a new high on Friday, topping the record set on Thursday, and marked the third week of June with a string of four consecutive weekly gains. Gold for August delivery climbed $9.60, or 0.8%, to finish at $1,258.30 an ounce. "People are looking at the euro as a wake-up call and […]

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U.S. gold prices closed to a record high Thursday as the dollar weakened, euro zone debt concerns continued and various economic reports were released that combined to cast doubts about the speed of a recovery. "There’s background fear in these markets," Bill O’Neill, a partner at Logic Advisors in Upper Saddle River, New Jersey, was […]

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U.S. gold futures edged lower Wednesday, falling 0.3% in the wake of a riskier mood appetite by investors and a touch of profit-taking, so opined many analysts. "Comex gold futures closed slightly lower in quieter trading activity Wednesday. Mild profit-taking pressure was featured on the corrective pullback in prices," noted Jim Wyckoff of Kitco News. […]

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U.S. gold prices rose 0.8% Tuesday as a weaker U.S. dollar and continuing concerns over the euro-zone debt crisis were cited catalysts for gold’s gains. "It doesn’t hurt gold to have a weaker dollar," Matt Zeman, a trader at LaSalle Futures Group in Chicago, said on Bloomberg. "At some point, gold’s inverse relationship to the […]

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