Gold for June delivery lost $8.20 to close at $265.70 an ounce on the Commodities Exchange division of the New York Mercantile Exchange after a drop to $264.20, the contract's lowest level since May 2. July silver shed 9.5 cents to $4.445 an ounce.
Meanwhile, Comex gold warehouse stocks remained unchanged at 824,918 ounces as of late Tuesday. Silver stocks fell by 379,341 ounces to 96,091,122 ounces.
In other related metals news, July platinum closed down by $6.20 to $613.10 an ounce and July palladium slipped $17.50 to $647.50 an ounce.
Over in the equities markets, the CBOE Gold Index (GOX: news, msgs, alerts) fell by 3.4 percent to 39.50 and the Philadelphia Gold and Silver Index (XAU: news, msgs, alerts) slipped 3.7 percent to 57.69.
Within the indexes, shares of Placer Dome Gold (PDG: news, msgs, alerts) fell by 49 cents to $10.83 and shares of Barrick Gold (ABX: news, msgs, alerts) eased by 49 cents to $16.75.
A decline in the U.S. economy could cause a drop in demand for gold.
Und dann noch das Gerücht,dass die Russen Gold verkaufen werden,um die Überflutungsschäden in Sibirien beheben zu können... man kann sich auch wirklich nicht mal mehr auf Gold verlassen! |