Gold News

Gold Prices Recover Losses, Dollar Struggles

From Chris Mullen at

Gold Prices climbed as much as $8.34 to $1532.94 by about 9:40am EST on Thursday before dropping to see a $3.10 loss at $1521.50 over the next 20 minutes of trade. The Gold Price then rallied back higher into the close and ended with a gain of 0.29%.  

Euro Gold Prices meantime climbed to almost €1080. 

Silver Prices rose to $35.765 and dropped to $35.178 before it also rallied back higher and ended with a gain of 0.57%.

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

Platinum lost $14 to $1755.50, and copper remained at about $4.12.

Oil ended slightly higher as the US Dollar erased early gains and ended lower on waning worries over Greece.

US Treasuries rose as the Dow, Nasdaq, and S&P struggled to find gains on mixed economic data.

Among the big names making news in the market Thursday were Pandora, Boeing, and Citigroup.

Friday at 9:55am EST brings Michigan Sentiment for June expected at 73.5 and at 10am is the Leading Economic Indicators report for May expected at 0.4%.

The safest gold at the lowest prices – BullionVault...

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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