Gold News

Gold Price Edges Higher, US Dollar and Treasuries Fall

From Chris Mullen at GoldSeek.com...

The Gold Price climbed to $1503.60 in London on Tuesday before it fell to see a 7 cent loss at $1495.73 by about 10am EST, but it then rose to a new session high of $1506.20 in the next hour of trade and ended with a gain of 0.2%.  

The Euro Gold Price meantime fell to under €1046.

Silver Prices surged to $34.123 in early London trade before falling back to $33.532 in midmorning New York trade. They then rallied back higher midday and ended with a gain of 0.36%.

Gold Mining and silver equities rose over 1.5% by midmorning and remained near that level for the rest of the day.

Platinum gained $15.90 to $1683.90, and copper gained 4 cents to about $4.09.

Oil rose while the US Dollar and US Treasuries fell. The Dow and S&P climbed over 1% more on a continued easing of worries over Greece.

Among the big names making news in the market Tuesday were Microsoft, Sprint, Citigroup, and Microsoft.

Wednesday at 10am EST brings Pending Home Sales for May expected at -0.6%.

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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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