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Gold Falls Slightly with Rebounding Dollar, Silver Advances

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July 16, 2009 by goldguru 

Gold inched slightly lower Thursday, breaking a three-day winning streak as the U.S. dollar rebounded from earlier declines. Silver and platinum posted modest gains. Outside the metals, crude-oil rallied late to end above $62 a barrel while U.S. stocks continued to march higher.

Bullion update ...In New York trading futures for bullion:

  • Silver for September delivery rose 2.7 cents, or 0.2 percent, to 13.235 an ounce.

  • Gold for August delivery fell $4.00, or 0.4 percent, to $935.40 an ounce.

  • October platinum gained by $11.40, or 1.0 percent, to $1,169.30 an ounce.

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Read the rest of Gold Falls Slightly with Rebounding Dollar, Silver Advances (385 words)


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