Capital Gold Group Report: Spot Gold Price Up on Greece Woes

By J. Ryman on April 9, 2010 1:33 PM | Permalink

NEW YORK (The Street) -- New York spot gold prices firmed Friday afternoon after European debt concerns worsened, with Fitch Ratings' decision to lower Greece's credit rating to BBB- from BBB+ with a downbeat outlook

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Spot gold prices were rising $9.60, or about 0.8%, to $1,160.80 an ounce.

"Against this background of uncertainties [related to fears of Greece defaulting on debt] gold prices climbed, " Kitco analyst Jon Nadler wrote in a report on Friday.

New York spot silver prices, meanwhile, were up 28 cents, or 1.6%, to $18.34 an ounce Friday afternoon.

New York spot platinum prices were rising $8, or 0.5%, to $1,721 an ounce, while its sister metal gained ground.

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New York spot palladium prices were up $8, or 1.6% to $510 an ounce.

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This page contains a single entry by J. Ryman published on April 9, 2010 1:33 PM.

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