Gold News

Gold Prices Dip, Silver Down 3.5%

From Chris Mullen at

Gold Prices waffled between modest gains and losses in Asia and London on Monday before they ultimately fell to as low as $1491 in New York and ended with a loss of 0.3%. 

The Silver Price fell to as low as $33.37 and ended with a loss of 3.5%.

Euro Gold Prices meantime fell to under €1049. 

Gold Mining and silver equities traded mostly slightly lower and ended near unchanged.

Platinum lost $8.50 to $1668.00, and copper dropped 5 cents to about $4.05.

Oil ended modestly lower on expectations for slowing energy demand.

The US Dollar and US Treasuries fell as the Dow and S&P rose about 1% on easing worries over Greece after French banks agreed to accept slower repayment of Greece's debt.

Among the big names making news in the market Monday were Facebook, Smithfield, and LDK Solar.

Tuesday at 9am EST brings the Case-Shiller 20-city Index for April expected at -3.9% and at 10am is Consumer Confidence for June expected at 60.7.

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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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