A rallying U.S. dollar on Wednesday continued to weigh heavily on gold and other precious metals. June gold prices declined $20.50, or 1.3%, to $1,536.60 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal traded from an intraday low of $1,523.70 an ounce to a high of $1,552.20 an [...]
Gold prices marked yet another day of losses and hit a fresh 2012 low on Tuesday as investors continued to prefer the "safety" of the U.S. dollar over commodities and stocks. The greenback has registered 12 straight session increases, the longest streak since at least 1985. The rally has been ongoing as debt woes in [...]
Gold prices moved lower Friday which added to the yellow metal’s weekly loss. Strength in the greenback was a main deterrent to gold and other precious metals this week, and is expected to control prices next week.
Gold prices as well as other precious metals declined Tuesday, pressured by a stronger U.S. dollar that was supported by euro zone debt crisis issues.
All but palladium advanced Friday, yet it joined other precious metals with weekly losses. In fact, palladium fell the most this week at 4.3%. Silver prices were right behind at 3.1%, followed by platinum at 2.5% and gold at 1.2%.
Bullion prices were mostly lower Monday and for April. Palladium was the exception for both, posting a modest increase on the day and a rallying 4.3% gain for the month. Precious metal monthly losses were at 0.5% for gold, 4.5% for silver and 4.4% for platinum.
Bullion prices pulled ahead for a second straight day Friday but precious metals results were mixed overall this week as gold and palladium rose 1.3% and 0.7%, respectively, while silver and platinum fell 0.8% and 0.5%. In closing Friday, gold prices gained $4.30, or 0.3%, to $1,664.80 an ounce on the Comex division of the New [...]
U.S. bullion prices rebounded Thursday with increases of 1.1% for gold, 2.8% for silver, 2.7% for palladium and 1.5% for platinum. A weaker U.S. dollar and bargain-hunting were among factors analysts offered for gains.
Bullion prices retreated during the mid-week session. Gold prices were off just slightly as gold for June delivery edged down $1.50, or 0.1%, to 1,642.30 an ounce on the Comex division of the New York Mercantile Exchange. Prices moved between an intraday low of $1,625 an ounce and a high of $1,647.60 an ounce.
After bullion prices plunged Monday, gold and silver recovered a touch on Tuesday. Gold prices added $11.20, or 0.7%, to $1,643.80 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices hit an intraday low of $1,634.60 an ounce and touched a high of $1,650.10 an ounce.