Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: U.S. gold down as dollar strength prompts selling
 
NEW YORK, Sept 25 (Reuters) - New York gold futures fell to
fresh two-week lows on Friday, briefly trading below $990 an
ounce, as a resurgent dollar prompted short-term bullion
traders to lock in profits ahead of the weekend.
For the latest detailed report, click on [GOL/].
GOLD
* December gold GCZ9 down $4.30 at $994.60 an ounce at
10:08 a.m. EDT (1408 GMT) on the COMEX division of New York
Mercantile Exchange.
* Range from $1,000.50 to $985.50, lowest since Sept. 10.
* Gold's recent drop was a minor correction after it failed
to clearly break above strong resistance at $1,020 an ounce
level earlier this week - traders.
* The dollar partially erased losses after U.S. data showed
that durable goods orders dropped in August, pressuring
bullion's status as a hedge against a weakening U.S. currency.
* Gold's retreat is definitely dollar-driven, and a
correction in an overly long U.S. futures market could send
prices to the mid- to upper-$900 range - Jon Nadler, senior
analyst at bullion dealer Kitco Metals Inc.
* U.S. oil futures rebounded, rising toward $67 a barrel,
after dropping $3 in the previous session on weak economic
sentiment. [O/R]
* Gold-to-oil ratio at 14.82, down from the previous
session's 15.12.
* COMEX estimated 9 a.m. volume at 62,814 lots.
* Spot gold XAU= at $992.75 versus $993.75, which was the
previous session's late New York quote.
* London morning gold fix XAUFIX= was at $991.50.
SILVER
* December silver SIZ9 down 8 cents at $16.215 an ounce,
tracking gold's decline.
* Range from $15.955 to $16.410.
* COMEX estimated 9 a.m. volume at 20,879 lots.
* Spot silver XAG= was at $16.17, versus its previous
finish of 16.18 an ounce.
* London silver fix XAGFIX= at $16.20 an ounce.
PLATINUM
* October platinum PLV9 down $13.70, or 1 percent, at
$1,294.80 an ounce, following general weakness of metals across
the board.
* Spot platinum XPT= was at $1,286.50, compared with its
previous finish of $1,297.50.
PALLADIUM
* December palladium PAZ9 down 10 cents at $297.80 an
ounce, down with platinum.
* Spot palladium XPD= was at $292, against its previous
close of $291.50.
Prices at 10:09 a.m. EDT (1409 GMT)
Last Change Pct 2008 YTD
Chg Close % Chg
US gold GCZ9 994.60 -4.30 -0.4 884.30 12.5
US silver SIZ9 16.200 -0.095 -0.6 11.295 43.4
US platinum PLV9 1294.80 -13.70 -1.1 941.50 37.5
US palladium PAZ9 297.80 -0.10 0.0 188.70 57.8
Gold XAU= 993.20 -0.55 -0.1 878.20 13.1
Silver XAG= 16.16 -0.02 -0.1 11.30 43.0
Platinum XPT= 1287.00 -10.50 -0.8 924.50 39.2
Palladium XPD= 292.00 0.50 0.2 184.50 58.3
Gold Fix XAUFIX= 997.00 -12.75 -1.3 836.50 19.2
Silver Fix XAGFIX= 16.20 -56.00 -3.3 14.76 9.8
Platinum Fix XPTFIX= 1281.00 14.00 1.1 1529.00 -16.2
Palladium Fix XPDFIX= 293.00 2.00 0.7 365.00 -19.7
(Reporting by Frank Tang; Editing by Walter Bagley)

Source