Wednesday, January 4, 2012

Gold and silver prices down january 4 2012

Gold and silver prices down january 4 2012 : Gold and silver prices have slipped in trading today after rising sharply in Tuesday’s trading session. Gold and silver rose on Tuesday after the U.S. dollar weakened against the euro.

Gold eased in trading today as the single currency’s rally against the dollar ended. The euro slipped as yields on peripheral euro zone debt rose. At last check, the spot gold was trading 0.3% lower at $1,596.89 an ounce. Gold futures for delivery in February were down 0.1% to $1,599.60 an ounce, at last check.

Silver prices are also lower in trading today. At last check, spot silver was down 1.7% to $29.12 an ounce. Silver had posted its biggest one-day gain in months on Tuesday.

The SPDR Gold Trust (ETF) (NYSE: GLD) is currently trading 0.18% lower at $155.64, the Market Vectors ETF Trust (NYSE: GDX) is currently trading 0.09% lower at $53.73, and the iShares Gold Trust (ETF) (NYSE: IAU) is currently trading 0.26% lower at $15.60.

The iShares Silver Trust (ETF) (NYSE: SLV) is currently trading 1.35% lower at $28.44, and the ProShares Ultra Silver (ETF) (NYSE: AGQ) is currently trading 2.66% lower at $46.48.

The ProShares UltraShort Silver (ETF) (NYSE: ZSL), which takes a short position on silver, is currently trading 3.05% higher at $14.21. For the latest updates on the stock market, visit Stock Market Today
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