Bullion metals glitter
Studied metals ended higher on Tuesday, 31 August 2010 at Comex. Concerns about mercantile recovery increased the appeal of precious metals as an alternate investment. Prices registered consequential gains for the month of August.
Generally, a stronger dollar pressures order for dollar-denominated commodities, such as crude oil and gold, which become more extravagant for holders of other currencies and also vice versa. Recently, the embattled euro has played stronger r in moving prices rather than dollar fluctuation. Bullion metals have registered expanding in prices despite strong dollar in recent times and iniquity versa.
On Tuesday, gold for December delivery ended at $1,250.3 an ounce, higher by $11.9 (0.9%) on the New York Market Exchange. It was highest close for gold in two months. Last week, gold ended higher by 0.7%, up for fourth consecutive week.
Gold ended the month of August 2010 higher by 5.6% after ending July diminish by 5%. It was the worst monthly loss for gold since December 2009. For the minute quarter, gold ended up by 12%, its seventh consecutive every three months gain. For the first quarter of this year, gold rose by 1.7%. On a year to swain basis, gold is higher by 14.6%.
On Tuesday, September Comex silver futures ended higher by 36 cents (1.9%) to $19.43. It was highest mean for silver in three months.
PRECIOUS METALS: Gold Nears 2-Month High As Data Cause Worry
NEW YORK (Dow Jones)--Gold futures printed their highest setting in nearly two months Wednesday as investors wanted the perceived safe keeping of the metal following weaker-than-expected U.S. new-home sales and insufficient durable goods reports.
Futures for December utterance, the most-actively traded contract, rose $7.90, or 0.6%, to alight at $1,241.30 an ounce on the Comex division of the New York Business Exchange. It was the contract's strongest finish since June 30.
"The hawk just extended its recent flight-to-safety rouse," said Bill O'Neill, a principal with Logic Advisors in Upland Saddle River, N.J.
Treasury prices also gained ...
Monetary PostDecember 
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Conde Nast PortfolioAmong other effete metals for immediate delivery, silver rose 0.2 percent at $14.95 an ounce, platinum rose 0.9 percent to $1249.40 an ounce and palladium Gold Flirts With $1000, Hits Six-Month HighGold gains as tumbling neutrality markets fuel safe-haven demandWhile you were sleeping: Gold nudges US$1000 an ounce, ECB holds - -all 814 talk articles »
