This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gold Prices Fall as Dollar Climbs

NEW YORK ( TheStreet) -- Gold prices were dropping for a seventh-consecutive session as strength in the U.S. dollar added downward pressure on the yellow metal.

COMEX Gold for June delivery was falling $11.80 to $1,375.10 an ounce. The gold price traded as high as $1,391.30 and as low as $1,371 an ounce, while the spot price was off $6.60, according to Kitco's gold index.

"The gold price is still trading below the $1,400 per troy ounce mark and is threatening in the short term to fall further given that yesterday saw gold ETFs again recording outflows of 7.1 tons," Commerzbank AG wrote in a note on Friday.

Silver prices for July delivery were falling 26 cents to $22.40 an ounce, while the U.S. dollar index was adding 0.27% to $83.97.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
GLD $113.05 0.00%
IAU $11.40 0.00%
SGOL $115.32 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs