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

Gold Price Trades Up to 2016 Highs

Posted on 17 May 2016

Gold Prices rose to 1-week highs in London bullion trade Monday, touching $1288 per ounce as China’s stock markets held flat overall but New York equities pointed lower with UK shares as half of Europe stayed shut for the Whit Monday holiday.
Silver just outpaced the rise in gold prices, gaining 1.2% from the close of Friday’s US trade but only to two-session highs of $17.38 per ounce. Recovering 2.4% from last week’s lows versus the Dollar, the gold price also rose against all other major currencies, reaching the highest level against the Euro at €1135 since March’s retreat from 13-month highs………………………………………..Full Article: Source


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