Gold News

Gold Prices Edge Up, Silver Gains as Stock Markets Rise on Greece Hopes

From Chris Mullen at

Gold Prices reversed overnight gains Tuesday and dipped to see a fifty cent loss at $1540.60 in midmorning New York trade, but they then rose to a new session high of $1548.04 by early afternoon and ended with a gain of 0.25%.  

Silver Prices surged to as high as $36.522 and ended with a gain of 1%.

Euro Gold Prices fell to about €1074. 

Gold Mining and silver equities climbed higher throughout the day and ended with almost 3.5% gains.

Platinum gained $17.75 to $1745.75, and copper rose slightly to about $4.09.

Oil rose as the US Dollar fell on hopes for a resolution to Greece's debt problems that sent US Treasuries lower and the Dow, Nasdaq, and S&P higher.

Among the big names making news in the market Tuesday were Walgreen, Barnes & Noble, Nokia, RIM, Dow Chemical, BofA, Airbus, and Boeing.

Wednesday 2:15pm EST brings the Federal Reserve's interest rate decision.

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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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