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Gold prices took yet another beating Thursday as the U.S. dollar strengthened.
June-dated bullion futures were down $10.30 at $854.80 an ounce in recent action on the Comex division of the New York Mercantile Exchange.
The value of gold has dropped from its all-time high around $1,030 an ounce on March 17, when troubled investment bank Bear Stearns(BSC Quote) was rescued by JPMorgan Chase(JPM Quote) and investors scrambled for safe-haven investments. Since then, worries about the U.S. economy and financial system have receded somewhat and investors have dumped their bullion holdings. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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