Last Updated : March 19, 2010 05:50
Gold, silver prices caught in dollar movements
Gold Prices rose as much as $10.45 to $1133.30 in London on Wednesday, before falling back to see a loss in early afternoon New York trade.
The Dollar Gold Price then bounced back in the last hour of trade and ended with a gain of 0.1%.
The Gold Price in Euros remained at about €817 an ounce.
Silver climbed 24 cents to $17.58 an ounce before it fell back to break-even on the day early in New York. Silver prices then rallied for most of the rest of trade and ended with a gain of 0.9%.
Platinum gained $8 to $1631.50, and copper climbed another 5 cents to about $3.41.
Gold Mining and silver equities rose to see over 1% gains by early afternoon, but then fell back off into the close and ended near unchanged.
Oil found decent gains while the US Dollar index waffled on either side of unchanged and ended barely higher as traders contemplated future moves by the world's central banks.
Treasuries again rose along with the Dow, Nasdaq, and S&P on the US Federal Reserve's continued pledge to keep rates low.
Producer Price Inflation in the United States was reported as -0.6% last month from January – lower than analysts forecast. Core factory-gate prices, excluding fuel, ticked 0.1% higher as expected.
Thursday at 08:30 EST brings US Consumer Price Inflation for Feb., expected at 0.1%, plus Core CPI (excl. food and fuel) - also expected at 0.1%.
Initial US Jobless Claims for last week are expected at 455,000 with the Current Account Balance for the fourth quarter of 2009 expected to show a $119.3 billion deficit.
10:00 EST brings the Leading Economic Indicators report for last month, expected at 0.1%. The Philadelphia Fed survey for March is expected at 18.0.
MCX ALUMINIUM 30 April 2012
contract was trading at
Rs 111.8 , up Rs. 2.8 . What's your view on it?
