Gold News

Gold Prices Dip Along with Dollar as Stocks Rise

From Chris Mullen at

Gold Prices saw slight gains in Asia on Thursday, but then dipped in London and New York and ended with a loss of 0.54%.  

The Silver Price dropped to as low as $34.43 in midmorning New york trade before it bounced back higher in the last few hours of trade, though it still ended with a loss of 0.4%.

Euro Gold Prices fell to about €1035. 

Gold Mining and silver equities waffled on either side of unchanged and ended slightly higher.

Platinum lost $5.50 to $1718, and copper gained another 6 cents to about $4.27.

Oil rose while the US Dollar and US Treasuries fell as the Dow, Nasdaq, and S&P rose on more progress with Greece's debt problems.

Among the big names making news in the market on Thursday were Lloyds, BofA, Lehman Brothers, Apple, Citigroup, and Fannie Mae.

Friday at 9:55am EST brings Michigan Sentiment for June expected at 71.8 and at 10am is the ISM Index for June expected at 51.1 and Construction Spending for May expected at 0.0%.

Buying 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