Precious Metals

Reuters reported that gold pulled back on Monday, nearing a two-week low as the dollar gained momentum on news from the ECB that deposit rates could be cut if necessary.

Reuters reported that gold pulled back on Monday, nearing a two-week low as the dollar gained momentum on news from the ECB that deposit rates could be cut if necessary.

As quoted in the market report:

Gold dropped more than $18 to $1,429.61 an ounce by 0947 GMT, not far from Friday’s low of $1,420.61, its weakest since April 24. Gold plunged to its lowest level in more than two years at $1,321.35 on April 16 after worries about central bank sales and a drop below $1,500 led to a sell-off that stunned investors. It is down 14 percent on the year.

MARKETS

Markets
TSX19254.56+281.88
TSXV619.76+14.48
DOW32197.59+436.05
S&P 5004023.61+102.56
NASD12032.42+469.85
ASX6807.30+17.40

COMMODITIES

Commodities
Gold1734.79+16.74
Silver19.09+0.42
Copper3.47+0.09
Palladium2030.61+24.61
Platinum890.63+15.63
Oil98.24+3.26
Heating Oil3.65+0.12
Natural Gas8.67-0.33

DOWNLOAD FREE REPORTS

×