Gold News

Gold Prices End Thursday Unchanged, Silver Regains Some Losses, Dollar Falls

From Chris Mullen at

Gold Prices rose $5.05 to $1505.85 in Asia Thursday morning before falling to as low as $1478.10 by about 7am EST. Gold prices then rallied back higher into the close and ended with a gain of 0.43%. 

The Gold Price in Euros rose to over €1066.

Silver Prices climbed almost 1% to $35.76 in Asia before falling back to $32.315 in London, but then rallied back higher in New York and ended with a loss of just 1.38%.

Gold Mining and silver equities hovered near unchanged and ended slightly lower.

Platinum lost $8.25 to $1765.25, and copper gained 6 cents to about $3.97.

Oil rose as the US Dollar reversed early gains and ended lower after a European Central Bank policymaker made some hawkish comments.

Treasuries fell as the Dow, Nasdaq, and S&P reversed early losses and ended higher on a rebound in commodities. Thursday's 30-year note auction drew a high yield of 4.38% with a bid to cover of 2.43.

Among the big names making news in the market on Thursday were Takeda and Goldman Sachs.

Friday at 8:30am EST brings CPI for April expected at 0.4% and Core CPI expected at 0.1%. At 9:55 is Michigan Sentiment for May expected at 69.5.

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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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