Gold, silver news today june 15 2011

Gold, silver news today june 15 2011, gold prices predictions june 15 2011, silver prices forecast june 15 2011 :Gold extended gains on Wednesday after data showing strong economic growth in China stoked fears of inflation, and as U.S.
retail sales fell less than forecast.

FUNDAMENTALS

* Spot gold added $1.44 an ounce to $1,524.69 an ounce by 0034 GMT. Gold is well below a lifetime high around $1,575 touched in early May.

* Silver rose 12 cents to $35.44 an ounce, below a record at $49.51 an ounce in April.

* Data in China showed inflation was running at its fastest pace in almost three years, while a smaller-than-expected drop in U.S. retail sales lifted the S&P 500 index by 1.5 percent.

* Holdings of the largest silver-backed exchange-traded fund (ETF), New York's iShares Silver Trust , fell 0.44 percent from Monday to Tuesday, while the largest gold-backed ETF, New
York's SPDR Gold Trust remained unchanged for the same period.

Precious metals prices 0034 GMT

 Metal             Last    Change  Pct chg  YTD pct chg  Turnover
Spot Gold        1524.69    1.44   +0.09      7.41
Spot Silver        35.44    0.12   +0.34     14.84
Spot Platinum    1796.24    7.04   +0.39      1.63
Spot Palladium    794.22    4.02   +0.51     -0.66
TOCOM Gold       3956.00   15.00   +0.38      6.09        24769
TOCOM Platinum   4707.00   -3.00   -0.06      0.23         3511
TOCOM Silver       91.80    0.90   +0.99     13.33          564
TOCOM Palladium  2063.00  -14.00   -0.67     -1.62          118
Euro/Dollar       1.4421
Dollar/Yen         80.52

TOCOM prices in yen per gram. Spot prices in $ per ounce.
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