Gold Continues Decline for Day Five, Stocks Tumble
October 29, 2009 by goldguru · Leave a Comment
Gold ended slightly lower Wednesday, marking the fifth consecutive day the yellow metal has declined. Again cited as the catalyst for the loses was a rallying US dollar. Silver and platinum also fell, as did crude oil which plunged 2.6 percent. US stocks followed along, with the three major indexes tumbling between 1.2 percent and 2.7 percent.
New York precious metals figures follow:
-
Silver for December delivery fell 30 cents, or 1.8 percent, to $16.240 an ounce. It ranged from $16.155 to $16.77.
-
Gold for December delivery declined $4.90, or 0.5 percent, to $1,030.50 an ounce. The yellow metal ranged from $1,042.60 to $1,027.10, which is the lowest price since Oct. 6.
- January platinum ended down $12.10, or 0.9 percent, to $1,306.90 an ounce.
(…)
Read the rest of Gold Continues Decline for Day Five, Stocks Tumble (2,367 words)
© CoinNews.net for Coin News, 2009. |
Permalink |
No comment |
Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News, Commentary.