December 2011

Marking a sixth consecutive day of losses, February gold prices declined $23.20, or 1.5%, to $1,540.90 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices traded from a low of $1,557.60 an ounce to a high of $1,595.00 an ounce. Losses incurred were described as the result of liquidation.

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All precious metals declined Wednesday, although gold dropped the least in percentage. February gold prices declined $31.40, or 2.0%, to $1,564.10 an ounce on the Comex division of the New York Mercantile Exchange. Gold ranged between $1,557.60 an ounce and $1,595.00. an ounce. Losses on the day were attributed to a stronger U.S. dollar.

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Palladium prices rallied Thursday, surging by more than $20 while other precious metals declined. Falling the least in percentage was gold. February gold prices declined $3, or 0.2%, to $1,610.60 an ounce on the Comex division of the New York Mercantile Exchange. Gold ranged between $1,599.10 an ounce and $1,618.60 an ounce.

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Gold prices declined slightly Wednesday as the greenback firmed. February gold prices fell $4, or 0.2%, to $1,613.60 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal traded from an intraday low of $1,607.70 an ounce to a high of $1,643.70 an ounce.

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Bullion prices rebounded Tuesday as the greenback showed some weakness and bargain buyers came to scoop up precious metals at cheaper prices. February gold prices added $20.90, or 1.3%, to $1,617.60 an ounce on the Comex division of the New York Mercantile Exchange. It was gold’s first settlement price above $1,600 an ounce since December 13. [...]

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Gold prices fell for a fourth straight session Thursday, although their decline was modest compared to the previous session. For the day, February gold prices lost $9.70, or 1.2%, to $1,577.20 an ounce on the Comex division of the New York Mercantile Exchange. Prices traded between $1,562.50 an ounce and $1,596.50 an ounce. Losses on the day [...]

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Gold prices were driven below $1,600 an ounce Wednesday as the euro tumbled to its lowest point since January and the greenback, as a result, grew and pressured major metals. February gold prices declined $76.20, or 4.6%, to $1,586.90 an ounce on the Comex division of the New York Mercantile Exchange. The mark was gold’s [...]

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