Tuesday, October 4, 2011

Gold Prices Retreat, Silver Eagle Bullion Coins Rise Modestly

by Bullion Prices Staff on October 4, 2011

U.S. gold prices retreated, snapping a string of two straight session increases which totaled $40.40. Those gains were erased Tuesday. December gold prices declined $41.70, or 2.5%, to $1,616 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal trading between $1,585 an ounce and $1,637.90 an ounce.