U.S. gold futures end above $ 1090 per ounce on Thursday as investors, to the metal as a hedge against currency risks, market volatility after the news that European governments have to support in principle for the heavily indebted Greece.
GOLD
- COMEX April GCJ0 moved up $ 18.40, or 1.7 percent to $ 1,094.70 per oz
- Range up to $ 1,072.90 $ 1,098.40.
- April rose to currency fluctuations than the euro is moving in wide range according to the details is planned for Greece from EU aid.
- Gold supported as Euro falls against dollar after ranges from $ 1.38 to $ 1.35
- Do not expect information about the package to be completed until the EU finance ministers meeting next week.
- Worries about debt, accommodative monetary policy friendly to gold price – Thomas Winmill of Midas Fund.
- December issue of top gold producer in South Africa down 8.8 percent from November.
- Gold-to-oil ratio at 14.60, against 14.39 in the previous session.
- COMEX estimated final volume at 170,541 contracts.
- Spot gold XAU = at $ 1,096.70 at 3:17 pm EST (2017 GMT), against $ 1,071.55 late in New York businessman in the previous session.
- London afternoon gold fix = XAUFIX at $ 1,076.25.
SILVER
- March SIH0 ending up 29 cents, or 1.9 per cent gain to $ 15.590 an ounce, tracking gold.
- Range up to $ 15.175 $ 15.730.
- COMEX estimated final volume at 46,602 lots.
- XAG = Spot silver at $ 15.68 per ounce, compared with $ 15.18 late in the previous session in New York.
- London Silver XAGFIX = afternoon fix at $ 15.37 per oz
PLATINUM
- April PLJ0 surfaces up $ 6.40 to $ 1519.30 per ounce on the strength of the base metals, with a 5-percent rally resulted in copper.
- Platinum ETFs (PPLT.P) holdings unchanged at 264,774 ounces for the previous day of 10 February; ETFS palladium also stock flat on 429,813 ounces.
- Spot platinum XPT = at $ 1524 per oz
PALLADIUM
- March palladium PAH0 closed up $ 5.60, or 1.4 percent to $ 418.95 an ounce, tracking stronger industrial metals.
- Spot palladium at $ per XPD = 419.50 ounces
Close Change YTD Pct 2009
Close Chg% Chg
U.S. Gold GCJ0 1094.70 18.4 1.7 1096.20 -0.1
U.S. Silver SIH0 15.590 0.290 1.9 16.845 -7.5
U.S. PLJ0 Platinum 1519.30 6.40 0.4 1471.00 3.3
U.S. PAH0 Palladium 418.95 5.60 1.4 408.85 2.5
P.m. Price at 2:26 EST (1926 GMT)
Gold XAU = 1094.30 22.75 2.1 1096.35 -0.2
XAG Silver = 15.62 0.44 2.9 16.84 -7.2
= XPT Platinum 1522.00 15.00 1.0 1465.50 3.9
Palladium XPD = 417.50 6.000 1.5 405.50 3.0
Gold Fix XAUFIX = 1076.25 -3.25 -0.3 1104 -2.5
Silver Fix XAGFIX = 15.37 -23.00 -1.5 16.99 -9.5
Platinum Fix XPTFIX = 1511.00 5.00 0.3 1466 3.1
Palladium FixXPDFIX = 418.00 2.00 0.5 402 4.0
Source: Reuters
Rising share prices push oil near $ 88 a barrel
Oil rose Wednesday on renewed optimism about the economy, as traders took their cue from higher share prices. . . Read more »
Asian stocks rally, gold falls Congress sets debt deal
Stocks jump in Asia as the new trading week began after President Obama announced that Democrats and Republicans reached an agreement for the U. . . Read more »