Metals market update for July 6

July 6, 2015 03:21 PM

Today’s AM LBMA Gold Price was $1,164.25, €1,053.43 and £748.43/oz.
Friday’s AM LBMA Gold Price was $1,168.25, €1,051.10 and £747.44  per ounce.
Friday’s PM LBMA Gold Price was $1,167.95, €1,052.21 and £ 748.21/oz.

The U.S. Market’s were closed on Friday for a national holiday.

Gold in U.S. Dollars - 10 Year
Gold in U.S. Dollars – 10 Year

Gold in Singapore for immediate delivery was flat at $1,167.50/oz near the end of the day. The yellow metal rallied to hit a one-week high of $1,174.70 during Asian trading hours, but failed to hold onto gains, as the dollar rose against the euro.

Gold dipped on Monday against the dollar strength as Greek voters rejected the bail-out package, likely sending Greece out of the euro.

Greek prime minister Alexis Tsipras said during a TV address on Sunday that the country would go back to the negotiating table “as of tomorrow” and that his party’s primary priority was to reinstate the financial stability of the country.”

In late morning European trading gold is down in U.S. dollars  0.27% at $1,165.09/oz. Silver is off 0.64% at $15.58/oz and platinum is also down 1.85% at $1,060.00/oz.

About the Author
Stephen Flood is a director of Ireland-based GoldCore.