The U.S. dollar index, which tracks the performance of the greenback against a basket of currencies, is trading near an 11-month high. Meanwhile, equity markets remain under pressure due to global economic uncertainty.
Investors’ sentiment has been weighed down by the lack of action from the Federal Reserve. On Tuesday, the Fed released its monetary policy statement. The Fed said that it will not implement any fresh measures to stimulate the U.S. economy. Although the Fed was not expected to announce any fresh measures, investors were hoping for any hint on future monetary easing to boost the economy.
Meanwhile, an Italian bond auction earlier today once again underscored the fact that Friday’s EU deal is not sufficient to stem the debt crisis in the euro zone.
Ong Yi Ling, analyst at Phillip Futures, told Reuters that if we see weak demand for bond sales in Italy and Spain, it will again fuel concerns about the debt problem in Europe and cause a further sell-off in markets.
At last check, spot gold prices were up 0.4% to $1,637.80 an ounce. On Tuesday, prices fell 2%, hitting a low of $1,622.14 an ounce, the lowest level since October 21.
Gold futures for delivery in February had settled at $1,663.10 an ounce on the Comex division of the New York Mercantile Exchange.
Spot silver prices are also marginally higher in early trading. At last check, spot silver was up 0.3% to $30.84 an ounce.
The iShares Silver Trust (ETF) (NYSE: SLV) is down 2.31% to $29.15 in pre-market trading, while the ProShares Ultra Silver (ETF) (NYSE: AGQ) is down 4.95% to $49.78 in pre-market trading.
The ProShares UltraShort Silver (ETF) (NYSE: ZSL),which takes a short position on silver, is up 4.58% to $14.39 in pre-market trading. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
gold
- Gold will climb toward $1,900 an ounce first half 2013
- Why Gold prices down analysis jan 7 2013
- Gold Prices expected Bullish Next Week
- Analysis forecast Gold prices in india 2013
- Why gold futures prices Down, Analysis december 26 2012
- Analysis gold prices for next week december 17-21 2012
- Goldman Sachs forecasts gold prices 2013-2014
- Analysis Gold prices dec 3 2012
- Gold, Silver Prices rose watch U.S budget deal
- Gold futures down in Asia trading november 14 2012
- analysis gold prices next week november 12-16 2012
- MCX Gold trend for november 12-16 2012
- Analysis Gold prices after obama win
- Analysis gold prices next week November 5-9 2012
- MCX Gold prices down october 30 2012
- Gold prices prediction next week october 29 2012
- Spot Gold prices expected down october 2012
- gold prices for next week october 22-26 2012
- gold futures prices expected week october 15-19 2012
- gold prices for next week october 8-12 2012
- how will Impact tensions in the Middle East on Gold Prices
- Gold Prices predicted $2,400 summer 2013
- Gold futures Prices october 4 2012
- Technical Forecast Gold, Silver prices october 1-5 2012
- Gold prices prediction october 1-5 2012
silver
- Spot Silver prices expected october 23 2012
- Technical Forecast Gold, Silver prices october 1-5 2012
- Spot silver prices prediction december 2012
- Silver prices forecast september 24-28 2012
- Gold and Silver are expected down april 11 2012
- Gold, silver futures rose april 5 2012
- Silver Wheaton stock forecast 2012
- Gold and Silver prices expected down march 6 2012
- silver prices predictions feb 27 - march 2 2012
- Silver Stock Price feb 17 2012
- Average silver prices forecast 2012-2013
- silver prices outlook On FOMC Rate Decision jan 25 2012
- silver prices prediction january 23 -27 2012
- Gold and silver prices outlook january 19 2012
- MCX Gold, silver tips jan 13 2012
- silver prices prediction April 2012
- MCX Silver price jan 11 2012
- best silver stock to invest 2012
- Gold Silver Prices jan 10 2012
- silver supply and demand 2012
- gold, silver price target 2012, 2013, 2014, 2015, 2016
- Outlook for Gold and Silver Prices 2012
- BNP Paribas gold, silver prices predictions 2012-2013
- how high will silver prices go in 2012
No comments:
Post a Comment