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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Bullion hovers after reaching new high for year

Posted on 03 October 2012

Wholesale gold prices hovered in a tight range just below $1,780 an ounce for most of Tuesday morning in London, just below a new 2012 spot market high touched yesterday following comments from US Federal Reserve policymakers.
Silver prices traded just below $35 per ounce, close to seven-month highs, while stocks and the euro ticked higher despite warnings that Spain is underestimating the amount of recapitalization its banks need. Commodities were broadly flat, with copper showing some strength, while major government bond prices fell………………………………………..Full Article: Source


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