The gold price
Gold & Silver Climb as Stocks Rise, Dollar Falls - 21 July 2009
From Chris Mullen at GoldSeek.com...
Gold and silver steadily rose in Asia and London on Monday, reaching as high as $955.00 and $13.75 respectively in early New York trade.
Both the silver and Gold Price then pared their gains into the close, but gold still ended with a healthy gain of 1.2% while silver added 1.8%.
The Gold Price in Euros rose to €668 an ounce.
Platinum gained $12.50 to $1181, and copper gained nearly 5 cents to about $2.46.
Gold Mining and silver equities rose over 3% at the US open and remained near their highs for most of the rest of trade.
Oil found slight gains and the US Dollar index and Treasuries fell while the Dow, Nasdaq, and S&P climbed higher on decent earning reports and news that commercial lender CIT will likely be rescued by non-government entities.
The US Leading Indicators Report gave a better than expected for June, but slipped from May.
There are no major US economic reports due out Thursday, but Federal Reserve chairman Ben Bernanke will start his biannual testimony before Congress.
Looking to Buy Gold at the lowest possible mark-up but with the utmost security? Make it simple, safe and cost-effective at BullionVault...
Gold and silver steadily rose in Asia and London on Monday, reaching as high as $955.00 and $13.75 respectively in early New York trade.
Both the silver and Gold Price then pared their gains into the close, but gold still ended with a healthy gain of 1.2% while silver added 1.8%.
The Gold Price in Euros rose to €668 an ounce.
Platinum gained $12.50 to $1181, and copper gained nearly 5 cents to about $2.46.
Gold Mining and silver equities rose over 3% at the US open and remained near their highs for most of the rest of trade.
Oil found slight gains and the US Dollar index and Treasuries fell while the Dow, Nasdaq, and S&P climbed higher on decent earning reports and news that commercial lender CIT will likely be rescued by non-government entities.
The US Leading Indicators Report gave a better than expected for June, but slipped from May.
There are no major US economic reports due out Thursday, but Federal Reserve chairman Ben Bernanke will start his biannual testimony before Congress.
Looking to Buy Gold at the lowest possible mark-up but with the utmost security? Make it simple, safe and cost-effective at BullionVault...
Chris Mullen, 21 Jul '09
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.
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, RSS links are shown there.
