Precious Metals

Precious Metals

Wednesday, 3 March 2010

Gold Drops for First Day in Six Amid Pause in Dollar’s Weakness

According to Bloomberg, "Gold dropped for the first time in six days as investors sold the metal to lock in gains after the longest rally in five months." Trading Metals in Precious Metals Markets can be difficult to grain profit...

-Gold fell as much as 0.3 percent to $1,136.70 an ounce, and traded at $1,137.70 at 9:41 a.m. in Singapore.
-Bullion gained 3.8 percent in the past five days, the longest winning streak since the five days ending Oct. 8.

There was not much change in The Dollar Index today. However, in two weeks the dollar dropped against a basket of six currencies, including the euro and pound.

Among other Precious Metals for immediate delivery:
-Silver Futures - Silver fell 0.2 percent to $17.1675 an ounce
- Platinum slid 0.4 percent to $1,573 an ounce
-Palladium was little changed at $448.88 an ounce.
Don't forget to watch the Video...

Source: CNBC
Source: Bloomberg

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