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Tuesday, September 20, 2011

gold silver prices sept 20 2011, Markets Eye Greece, Ben Bernanke

gold silver prices sept 20 2011, Markets Eye Greece, Ben Bernanke ; The gold price climbed $7.44 to $1,786.24 Tuesday as the yellow metal bounced back modestly from yesterday’s large sell-off. The gold price held firm while financial markets across Asia and Europe rebounded amid hopes that Greece will receive its next round of bailout money. Investors will also be keeping a close eye on Ben Bernanke and the Federal Reserve, as it begins its two-day FOMC meeting.

The gold price began the week on a sour note on Monday as it sunk $30.86, or 1.7%, to $1,780.39 per ounce. The price of gold initially held firm near $1,810 per ounce, but turned sharply lower as U.S. dollar strength and euro sovereign debt fears engulfed the entire commodities complex. The SPDR Gold Trust, the most liquid gold price proxy in the financial markets and the world’s second largest ETF, finished with a loss of $2.72, or 1.6%, at $173.31 per share.

As for silver, it dropped in concert with the gold price yesterday, by $0.91, or 2.2%, to $39.78 per ounce. The iShares Silver Trust, the largest silver ETF, declined $0.74, or 1.9%, to $38.65 per share. With its decline, the price of silver extended its monthly loss to 4.2%. For the latest updates on the stock market and gold price, visit Stock Market - gold prices Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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