Gold News

Gold Prices Rally After Dip, Dollar Falls While Stock Markets Gain

From Chris Mullen at

Gold Prices climbed $8.85 to $1523.75 in Asia on Tuesday before falling in London to a $2.95 loss at $1511.95 by about 9am EST. They then rallied back higher in New York and ended with a gain of 0.57%.  

Silver Prices fell to as low as $34.408 in early New York trade before they too rallied back higher into the close and ended with a gain of 1.61%.

Euro Gold Prices fell to about €1052. 

Gold Mining and silver equities rose about 2% in the first hour of trade and remained near that level for the rest of the day.

Platinum lost $1.25 to $1790.50, and copper gained 12 cents to about $4.15.

Oil rose on decent economic data in China and the US.

The US Dollar and US Treasuries fell on better-than-expected retail sales news that sent the Dow, Nasdaq, and S&P higher.

Among the big names making news in the market Tuesday were Best Buy, HP, BofA, JPMorgan, Ericsson and Telcordia, and JDS Uniphase.

Wednesday brings CPI, Empire Manufacturing, Net Long-Term TIC Flows, Industrial Production, and Capacity Utilization.

Discover the low cost, high security way to Buy Gold...

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