Tuesday, May 3, 2011

Gold, silver prices news today 3 May 2011

Gold, silver prices news today 3 May 2011 : Gold has fallen a quick $10 and trades now at $1535. Oil is lower as well, back to levels just above $112, down $1.50 on the day, Share prices are lower as well and the Greenback is catching a modest risk-off bid.

Gold Prices Hit New London High, Silver Drops 10.5% Ahead of Comex Margin Hike, "Frenzy" of Festive Indian Gold Buying - 3 May 2011.
Gold prices hit new all-time Dollar highs at the AM London Fix on Tuesday, but silver traded near a two-week low as world stock markets slipped and commodity prices fell hard. The US Dollar extended Monday's "post-Bin Laden" rally, helping crude oil lose well over 1%. Read More...

Gold, silver extend losses as U.S. dollar rebounds, India hikes rate
Gold futures were down for a second day on Tuesday, while silver futures added to the previous day’s losses as the U.S. dollar rebounded from a three-year trough and India raised interest rates to curb inflation. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at USD1,538.25 a troy ounce during U.S. morning trade, falling 0.47%. Read More...

Drop in silver prices hits silver mining stocks
In New York, spot prices for silver dropped as much as 6.7 percent in opening trading. By midday, the price stabilized, down about 3.2 percent at $46.40 an ounce, according to Kitco Metals Inc. Prices climbed above $49 late last week, and are up about 59 percent this year, with the sharpest gain coming in April. Read More...

Stronger Dollar Triggers Falls in Gold, Silver
A stronger dollar interrupted gold's rally and added to silver's woes, as the gray metal declined after another trading cost hike. Gold's May-delivery contract was down 0.9%, or $13.20, at $1,543.550 per troy ounce on the Comex division of the New York Mercantile Exchange in midmorning trade. The most actively traded contract, for June delivery, was down 0.9%, or $14, at $1,543.10 per troy ounce. Read More...

Tag ; gold prices, silver prices, US Dollar extended Monday's, prospect as gold prices, gold, silver market trading, while silver futures, Gold's May-delivery contract, spot prices for silver
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