Monday, 3 June 2013

Market Watch: Gold prices higher after monthly rout

LOS ANGELES (MarketWatch) -- Gold prices rose Monday, a higher start for the precious metal in June following a more than 5% drop in the previous month.

Gold on Friday dropped $19, or 1.4%, hurt in part after better-than-expected data about manufacturing activity in the Chicago area, and after a gauge on U.S. consumer sentiment in May reached the highest level since 2007. The U.S. dollar turned higher after the reports. A stronger dollar tends to press down on prices of dollar-denominated commodities by making them more expensive for holders of other currencies.

Read more...

1 comment:

  1. Silver Gold Bull is a highly reputable bullion dealer. You will be provided with bargain, up-to-minute pricing and they will make sure your gold & silver arrives to your door discreetly and fully insured.

    ReplyDelete