Home » gold » Comex gold silver prices august 17 2011

Wednesday, August 17, 2011

Comex gold silver prices august 17 2011

Comex gold silver prices august 17 2011 ; Gold on the Comex division of the New York Mercantile Exchange rose to a record settlement high Wednesday after Venezuela President Hugo Chavez announced plans to nationalize the country's gold industry.

Gold on the Comex division of the New York Mercantile Exchange rose to a record settlement high Wednesday after Venezuela President Hugo Chavez announced plans to nationalize the country's gold industry. Gold prices prediction for september 2011

Gold (-GC) for December delivery climbed $8.80 to settle at a record $1,793.80 an ounce at the Comex division of the New York Mercantile Exchange. Gold traded as high as $1,797.60 and as low as $1,781.60, while the spot gold price was up $5.30, according to Kitco's gold index. Gold Prices Predictions 2015

Also, higher-than-expected US inflation numbers lent support to gold, which is routinely bought as a hedge again rising prices. US July PPI came in up 0.2 percent, against a forecast of no increase and above the previous month’s 0.4 percent decline. Core PPI was at 0.4 percent, up from a forecast of 0.2 percent.

Comex silver for September delivery settled up 53.2 cents at $40.351 per ounce in New York. Trade ranged from $39.785 to $40.615.

Elsewhere, improved industrial demand and higher oil prices supported the PGMs, with platinum for October delivery on the Nymex closing up $22.70 at $1,840.80 and the September palladium contract ending at $776.45, up $19.95.
For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)