Gold News

Gold Bullion Prices Down 1.26%, US Dollar, Treasury Bonds Rise

From Chris Mullen at GoldSeek.com...

Gold Bullion traded mostly slightly higher in Asia and London on Friday, but it then dropped throughout most of New York trade and ended near its late session low of $1498.41 with a loss of 1.26%.  

Silver Bullion prices fell to as low as $34.467 before rebounding, but still ended with a loss of 0.97%.

The Euro price of Gold Bullion fell to under €1058. 

Gold Mining and silver stocks fell over 2% by early afternoon and remained near that level for the rest of the day.

Platinum lost $16 to $1676.50, and copper gained almost 6 cents to about $4.10.

Oil ended slightly higher in mixed trade.

The US Dollar index rose on renewed worries over Greece that sent the Euro lower.

US Treasuries rose as the Dow, Nasdaq, and S&P fell on poor earnings reports and worries over Greece.

Among the big names making news in the market Friday were Cumulus Media, Go Daddy, Micron, NYSE, Deutsche Boerse, and Google.

This week's economic highlights include Core PCE Prices and Personal Income and Spending on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, Pending Home Sales on Wednesday, Initial Jobless Claims and Chicago PMI on Thursday, and Michigan Sentiment, the ISM Index, and Construction Spending on Friday.

Investing in physical Gold Bullion? Make it safer and more cost-effective with BullionVault...

Chris Mullen is chief content manager of the GoldSeek family of websites, a leading source of gold news, comment and mining-stock data for private and institutional investors.

See the full archive of Chris Mullen articles

 

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals