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 Is Quiet Ahead of Fed Minutes

NEW YORK ( TheStreet) -- Gold prices were little changed Tuesday as traders remained unmotivated to push the precious metal into new territory before the Federal Reserve's policy-making wing releases minutes from its latest meeting.

Gold for December delivery at the COMEX division of the New York Mercantile Exchange was increasing 90 cents to $1,366.60 an ounce. The gold price traded as high as $1,373.20 and as low as $1,351.60 an ounce, while the spot price was climbing $4.25.

"As such I think we meander today with the bias slightly towards the downside ahead of tomorrow's report. No figures again today suggest another quiet one I'm afraid," David Govett, head of precious metals at Marex Spectron, wrote Tuesday in a note to clients.

Silver prices for September delivery were losing 14 cents to $23.03 an ounce, while the U.S. dollar index was sliding 0.53% to $80.85.

Gold mining stocks were mostly higher on Tuesday. Shares of Kinross Gold (KGC - Get Report) were adding 2.8%, while shares of Gold Fields (GFI - Get Report) were up 2.1%.

Gold ETF SPDR Gold Trust (GLD) was tacking on 0.33% to $132.45 a share, while iShares Gold Trust (IAU) was increasing 0.23% to $13.31 a share.

-- Written by Joe Deaux in New York.

>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!
GFI $4.10 0.00%
GLD $113.05 0.00%
IAU $11.40 0.00%
KGC $2.30 0.00%
AAPL $130.28 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