Bullion prices soared during the final two days of October 2010, capping huge weekly and even better monthly gains — three straight for gold and silver, and four straight for palladium. In New York bullion prices, gold futures for December delivery rose $15.10, or 1.1%, to $1,357.60 an ounce. It surged 2.5%, or $32.50, this [...]
U.S. bullion prices rallied on Thursday when the U.S. dollar weakened as sentiment shifted as to the strength of the Federal Reserve’s actions next week with its monetary policy. Gold gained nearly $20 after falling $16 on the previous day. Silver outperformed all the metals as prices surged 2%.
U.S. gold prices fell $16 on Wednesday as the U.S. dollar strengthened against other world currencies. Market news was prominent with stories that the Fed in November would take a slower approach in applying quantitative easing to stimulate the economy, which was cited for supporting the dollar and pressuring commodities like gold, silver and oil. [...]
Bullion prices were mixed Tuesday, with gold slightly lower and other precious metals higher. Gold did recover significantly from its lowest point of $1,328.10 an ounce when the U.S. dollar pressured prices the most. In the end, New York gold prices for December deliver slipped 30 cents to settle at $1,338.60 an ounce. That was [...]
U.S. bullion prices were mixed on Friday and for the week, but gold and silver dropped for both and broke their string of five weekly gains. The yellow metal declined 3.4% for the week, driven lower by a stronger greenback which managed to rise against other currencies and post a winning week for the first [...]
Gold prices declined 1.4% Thursday, falling the most since their 2.6% drop on Tuesday. A stronger U.S. dollar and profit taking were among given catalysts for the retreat. Silver prices tumbled the most, however, plunging 3% on the day. Other precious metals fell as well, with platinum and palladium down 0.8% and 0.7%, respectively.
U.S. precious metals prices reclaimed some ground on Wednesday after falling off a cliff the previous day. Gold rose after the greenback struggled and dropped for its biggest single day loss since July. Gold futures prices for December delivery edged up $8.20 or 0.6% to close at $1,344.20 an ounce. Gold reached an intraday low of [...]
U.S. gold prices fell the most in three months on Tuesday, as the dollar jumped after China unexpectedly raised its interest rates. Gold futures prices for December delivery closed at $1,336 an ounce, dropping $36.10 or 2.6%. The metal hits its lowest point at $1,332.50, which was nearly $40 lower than its intraday high of $1,371.70.
U.S. bullion prices edged lower on Friday and were mixed for the week. Gold and silver continue to shine, with new records for gold and 30-year highs for silver recorded several times during the week. The yellow metal dipped on Friday as the dollar rebounded, but it still — along with silver — registered a [...]
U.S. gold on Thursday rose to a new record for a second consecutive day on dollar weakness. The yellow metal brushed near $1,390 an ounce. Silver reached a fresh 30-year high, and also for a second straight day. Gold futures prices for December delivery closed at $1,377.60 an ounce, gaining $7.10 or 0.5%. Its intraday [...]