Gold News

Gold Price, Silver Price Gain, US Dollar Up On Greece Uncertainty

From Chris Mullen at

The Gold Price climbed to $1547.83 in Asia Monday morning, before it fell back to $1540.80 in London, but it then rose to a new session high of $1553.39 in New York, ending with a gain of 0.29%.  

Silver Prices climbed to as high as $37.268 in New York and ended with a gain of 1.97%.

The Euro Gold Price rose to over €1058. 

Gold Mining and silver equities waffled near unchanged for most of the morning, before heading lower in afternoon trade and ending with over 2% losses.

Platinum lost $4.75 to $1809.25, and copper climbed slightly to about $4.14.

Oil fell ahead of this week's OPEC meeting while the US dollar rose against major currencies on worries over whether or not Greece will receive the aid they need.

US Treasuries fell ahead of this week's sale of $66 billion in notes and bonds.

The Dow, Nasdaq, and S&P fell on worries over weak economic growth.

Among the big names making news in the market Monday were Apple, Ariad, and Merck.

There were no major economic reports.  Tuesday at 3pm EST brings Consumer Credit for April expected at $6.0 billion.

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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.

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