The gold price
Gold Prices Rise 0.5%, Silver Jumps 3% with Oil, as US Dollar Falls - 30 March 2010
From Chris Mullen at GoldSeek.com...
Gold Prices rose roughly 0.5% in late Asian trade on Monday and held above $1110 in London before popping to a new session high of $1114.30 shortly after 08:00am in New York.
The Gold Price then fell back in early New York trade, down as low as $1106.91 by a little after 10:00 ET, but it rallied to a new session high of $1114.55 by late morning and ended with a gain of 0.5% vs. the Dollar.
The Gold Price in Euros rose near €826 an ounce.
Silver climbed as high as $17.413 by late morning and ended with a gain of 3.0%. Platinum gained $30 to $1624, and copper jumped nearly 14 cents to about $3.53.
Gold Mining and silver equities rose almost 2% by late morning and remained near their highs into the close.
Oil climbed almost 3% as the US Dollar index fell and the Euro rose after Greece was able to successfully sell some 7-year bonds.
Treasuries ended higher on tame US inflation data – showing core prices were flat in Feb, while Personal Spending rose less than expected at 0.3% – and on geopolitical worries after two suicide bombings in Russia.
The Dow, Nasdaq, and S&P founds modest gains on news that consumers are still spending.
Tuesday at 09:00 ET brings the Case-Shiller 20-city Home Price Index for January, expected down 0.6%. Then at 10:00 comes US Consumer Confidence for March, expected at 50.0.
Looking for direct access to the very best Gold Prices today...? Go to BullionVault now...
Gold Prices rose roughly 0.5% in late Asian trade on Monday and held above $1110 in London before popping to a new session high of $1114.30 shortly after 08:00am in New York.
The Gold Price then fell back in early New York trade, down as low as $1106.91 by a little after 10:00 ET, but it rallied to a new session high of $1114.55 by late morning and ended with a gain of 0.5% vs. the Dollar.
The Gold Price in Euros rose near €826 an ounce.
Silver climbed as high as $17.413 by late morning and ended with a gain of 3.0%. Platinum gained $30 to $1624, and copper jumped nearly 14 cents to about $3.53.
Gold Mining and silver equities rose almost 2% by late morning and remained near their highs into the close.
Oil climbed almost 3% as the US Dollar index fell and the Euro rose after Greece was able to successfully sell some 7-year bonds.
Treasuries ended higher on tame US inflation data – showing core prices were flat in Feb, while Personal Spending rose less than expected at 0.3% – and on geopolitical worries after two suicide bombings in Russia.
The Dow, Nasdaq, and S&P founds modest gains on news that consumers are still spending.
Tuesday at 09:00 ET brings the Case-Shiller 20-city Home Price Index for January, expected down 0.6%. Then at 10:00 comes US Consumer Confidence for March, expected at 50.0.
Looking for direct access to the very best Gold Prices today...? Go to BullionVault now...
Chris Mullen, 30 Mar '10
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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