Precious Metals

Today, spot gold prices fell 0.7 percent to trade at $1,280 per ounce. Meanwhile, US gold futures for June delivery were down $12 an ounce, to $1,276.

Today, spot gold prices fell 0.7 percent to trade at $1,280 per ounce, according to Reuters. Meanwhile, US gold futures for June delivery were down $12 an ounce, to $1,276.

A stabilizing US housing market is expected, and rising housing prices will play into gold’s near future, according to the publication.

Thomas Capalbo, Newedge precious metals trader, told Reuters, ”[i]f those numbers come out better than expected or show continued improvement in the U.S. economy, you should start looking at the $1,250 area as the next support level for gold.”

MARKETS

Markets
TSX18861.36-217.28
TSXV617.26-9.08
DOW31097.26+321.83
S&P 5003825.33+39.95
NASD11127.85+99.11
ASX6539.90-28.20

COMMODITIES

Commodities
Gold1809.91-0.13
Silver19.89+0.03
Copper3.61-0.10
Palladium1965.07+9.98
Platinum891.26+2.98
Oil108.46+2.70
Heating Oil3.96+0.13
Natural Gas5.620.00

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