Gold News

Gold Price at $1467, Silver Down 1.33%

From Chris Mullen at

THE GOLD PRICE reversed overnight losses and rose to see a $0.59 gain at $1467.29 by about 9am EST Tuesday before it dropped back down to as low as $1444.08 by midmorning in New York. The Gold Price then bounced back higher in late trade and ended with a loss of just 0.93%. 

The Gold Price in Euros fell to about €1003. 

The Silver Price climbed to as high as $40.878 before it dropped to as low as $39.72. The Silver Price then bounced back higher in late trade, but it still ended with a loss of 1.33%.

Gold and silver equities fell about 1.5% by midmorning Tuesday, New York time, and remained near that level for the rest of the day.

Platinum lost $14.50 to $1767, and copper dropped almost 8 cents to about $4.38.

Oil extended Monday's losses on Goldman Sachs’ warning for a "substantial pullback."

The US Dollar Index fell Tuesday as the Euro rose following a higher than expected reading in German inflation and the Yen rose on increased nuclear fears in Japan.

Treasuries remained higher after Tuesday's $32 billion 3-year note auction drew a high yield of 1.28% with a bid to cover of 3.25.

The Dow, NASDAQ, and S&P fell after Japan raised the alert level on its nuclear crisis.

Among the big names making news in the market Tuesday were Bank of America, BP, and Cisco.

Wednesday 8:30am EST brings Retail Sales for March expected at 0.5%. Excluding autos, sales are expected at 0.7%. At 10am EST is the Business Inventories report for February expected at 0.8% and at 2pm EST is the release of the US Federal Reserve's Beige Book from April.

Buying Gold or Silver Bullion?...

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