Gold Drifts Lower As Stocks Rally
Gold for April delivery declined $5.20, or 0.6%, to end at $916.80 an ounce on the Comex division of the New York Mercantile Exchange.
March 18, 2009
March 17, 2009
Gold for April delivery is down
$7.00 at $923.10 an ounce at (1559 GMT) on the COMEX division of the New York Mercantile Exchange.
SPDR Gold Trust Holdings Surpass Switzerland
Gold held by the SPDR Gold Trust (NYSE GLD) hit a record 1,069.05 metric tons on Monday making the ETF the world's sixth-largest gold bullion stockpile.
Switzerland reported 1,040.1 ton in December. Italy currently holds the fifth largest bullion position with 2,451.8 tons.
SPDR Gold Trust’s bullion holdings have increased 37 percent this year.
March 10, 2009
Gold Declines As Stocks Rally
Gold for April delivery dropped $22.10 to end at $895.90 an ounce on the New York Mercantile Exchange in trading on Tuesday.
The U.S. equity markets are staging a rally with the S&P 500 currently up 5% on the trading session.
February 18, 2009
Gold Prices Breaking Out
Gold prices are continuing their upward momentum as investors seek refuge from the inflationary pressures that will result from record deficit spending in the United States. Gold has gained more than $100 an ounce since crossing the 200 day moving average in late January.
January 25, 2009
Gold Prices Break Above Technical Levels
Gold prices hit their highest levels since October on Friday with gold for February delivery gaining $37 to close at $895.80 on the NYMEX. Gold hit an intraday high of $903.80 in trading on the Globex. This is the highest level since October 8, 2008.
Gold prices gained 7% for the week as investors seek safe havens from inflation and weakness in the US Dollar.
Gold prices gained 7% for the week as investors seek safe havens from inflation and weakness in the US Dollar.
October 28, 2008
Gold Higher Ahead Of Fed Rate Cut Decision
Spot gold was at $737.50 an ounce at 2:24 p.m. EDT (1824
GMT), up 1.1 percent from Monday's close of $729.60.
U.S. gold futures for December delivery settled down $2.40 at $740.50 an ounce on the COMEX division of the New York Mercantile Exchange.
Gold is down 20 percent since it hit a high of $931 on
Oct. 10.
It is widely anticipated that the Federal Reserve will cut interest rates on Wednesday, possibly by 75 basis points.
October 27, 2008
December Gold Gains $12.60
Gold futures for December delivery rose $12.60, or 1.7 percent, to $742.90 an ounce on the Comex division of the New York Mercantile Exchange. Before today, gold dropped 29 percent from a record $1,033.90 on March 17.
October 24, 2008
Gold Hits 21 Month Low Before Rebounding
During trading on Friday, gold for December delivery was down as much as $33.70 to $681 an ounce on the NYMEX, the lowest level for that contract since Jan. 11, 2007. Prices later rose $15.60 to settle at $730.30 an ounce.
Other precious metals ended lower. December silver lost 20.5 cents to settle at $9.295 an ounce on the Nymex, while December copper declined 11.8 cents to settle at $1.6865 a pound.
