Gold prices fell Tuesday on profit-taking as traders preferred to their position and moving into equities, who had broke the all-time highs. Gold for June delivery fell $ 12.70 to settle by the COMEX Division of the CME at 1, $ 448.80 per ounce. The price of gold traded up $ 1,470, and only $ 1, 440.40 per ounce, spot price was $ 19, with the collapse of the Kitco Gold index. "One could say that, at the moment, there is a risk of mood," Daniel Briesemann, commodities analyst at Commerzbank AG, said in a phone call from Frankfurt. "It is a bit odd, but it may be that we'll see some profit-taking after moving over one hundred low, then a couple of weeks."
The Dow Jones Industrial Average rose early on Tuesday morning and the S P 500 & followed the Dow's gains, posting a 0.48% climb. Silver prices for July delivery slipped 15 cents to $ 18.33 per ounce in the near, when the u.s. dollar index was sinking 0.06 $ 80.41. Helping to drive the dollar lower grew stronger than expected German factory orders on Tuesday. Orders grew by 2.2% in March in February. It is equivalent to the win in February against the 2.2% in January. The stronger economic data from Germany could be lending to the downside pressure on the Gold market as a hedge against economic uncertainty factors slightly decreased the yellow metal to the complaint.
BullionVault, a company that offers online to buy and sell physical gold and silver, was released on Tuesday, the Gold investor index, which jumped to 53.3 58.6 in April before a month of reading after the massive sell-off paper market encouraged physical demand. Treatment of 50 signals the balance of buyers and sellers in the market. April marked a 16-month high 9.9% pop index. Miguel Perez-Santalla, vice president of BullionVault is in New York, said the surge was driven by retail investors ' demand. Perez-Santalla said he does not believe that the investors buying the yellow metal inflaatiolta-traditional investment appeal of gold.
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