NEW YORK ( TheStreet ) -- Despite Greece's appointment of a new finance minister on Friday, the gold market hardly felt relief amidst the looming possibility of a euro zone default. Gold gave up some early gains during today's session, but August futures traded up as high as $1542.
Gold on the Comex was last gaining $11.90 to $1,537.70 an ounce. New York spot gold price was increasing by $12.78 to $1541.90 per ounce, according to Kitco's gold index.
The U.S. dollar index was losing 0.6% to $74.97. The euro was slipping 0.8% against the dollar.
July silver futures were flat at $35.70 an ounce. Gold mining stocks were moving mostly lower this morning. Kinross Gold (KGC) was losing 1% to $15.09 while Yamana Gold (AUY) was gaining 1% to $11.38. Other gold stocks, Agnico-Eagle (AEM) and Eldorado Gold (EGO)were trading at $61.91 and $13.86, respectively. -- Written by Chao Deng in New York.
>To contact the writer of this article, click here: Chao Deng. >To follow the writer on Twitter, go to http://twitter.com/chao_deng.
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