GOLD IS TRADING BELOW $950 WEDNESDAY

Updated: 07/23/2009 17:51
Hyip Monitor
Wednesday, bullion was trading lower, standing below $950 level as the rise in the dollar pressured commodity markets, and after the world's largest...

Wednesday, bullion was trading lower, standing below $950 level as the rise in the dollar pressured commodity markets, and after the world's largest bullion-backed exchange-traded fund recorded a further outflow.

Thus, Wednesday precious metal was at $948.25 per ounce at 00:03 GMT, that is up 0.01% from the notional New York close of $948.15.US gold futures for August delivery rose by 0.1% from the previous day's settlement to $947.60 per ounce.

The SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, reported its holdings to lose about 0.2% or 2.13 tonnes from the previous business day, falling to 1,092.41 tonnes as of July 21.

Physical apply for gold remained soft, with a 2.13 tonne outflow from the SPDR ETF following a near 13,000 dip in the holdings of ETF Securities' Physical Gold ETF. Silver was bid at $13.42 an ounce against $13.54, platinum was at $1,160 an ounce compared to previous $1,169, and palladium was at $250.50 compared to close at $253.50.

Thus, the following prices were seen at the metal market at about 23:51 GMT:

  • Metal Last Change Pct chg Day ago pct MA 30 RSI
  • Spot gold $947.00 -$1.15 -0.12% +5.57% $860.10 69
  • Spot silver $13.48 -$0.06 -0.44% +12.52% $11.29 56
  • Spot plat $1165.00 -$4.00 -0.34% -1.27% $1162.88 55
  • COMEX gold $947.70 -$1.30 -0.14% -0.12% $933.03 63
  • TOCOM gold 2,882 5 +0.17% +1.19% 2,853 62
  • TOCOM plat 3,587 -16 -0.44% +1.01% 3,578 59

TOCOM prices are in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices are in $ per ounce.

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