Gold News

Gold Price Ends Monday Flat, Gains in Euros, as Silver Adds 0.9%

From Chris Mullen at

The Gold Price climbed $5.30 to $1352.90 an ounce by 09.00 EST on Monday, before falling back to $1344.95 by 10am in New York.

The Gold Price then rebounded back to $1352.25, but then fell back off in the last couple of hours of trade and ended flat on the day.

The Gold Price in Euros rose to about €994 per ounce.

Silver Prices climbed to $29.34 and fell to $29.07 in early New York trade, before rising to a new session high of $29.46 by late morning, only to also fall back off, but still ending with a gain of 0.9%.

Platinum gained $1 to $1840.50, and copper fell slightly to about $4.57.

Gold Mining and silver equities rose over 1% by midmorning, but they then fell back near unchanged by midday and remained near that level for the rest of the day.

Oil fell on worries over waning energy demand and on a lack of supply disruptions related to unrest in Egypt.

The US Dollar index ended slightly lower as traders debated whether or not the ECB will raise interest rates any time in the near future.

Treasuries ended slightly higher while the Dow, Nasdaq, and S&P rose deal making news.

New US data showed Consumer Credit expanding three times faster in Dec. than either analysts expected or in Nov. There are no major economic reports due out tomorrow.

Buy Gold and get physical Silver Bullion safely, fast and at the lowest costs possible using the award-winning 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