The Dow Jones Industrial Average is unable to reach 10,271.21 points. Dow index lost -144.33 points (-1.39%) following the results of the U.S. stock market trading yesterday. Ford Motor Company (NYSE:F) falls to 11.78 points (-0.93%) at the pe-market trading. Investors flee stock exchanges crawling into the commodity markets.
AngloGold Ashanti Limited (NYSE: AU) may rise in price by 2-3% today – analysts say. Bullish trend observed in the metals market with the auction.
Compass Group plc (LON: CPG) continues to drop to 510.50 points, losing -5.00 (-0.97%). AngloGold Ashanti Limited (NYSE: AU) is 42.74 points, decreasing by -0.40 (-0.93%). Eurasian Natural Resources Corp. (LON: ENRC) close to 924.00, losing -1.18%.
Gold prices continued its negative trend today. Gold does not keep its price position and once again showed the fall – this time below the level of 1,190.00 dollars per ounce. Thus the collapse wiped out price increases the previous week. London cash market of precious metals opened today fall in gold prices to the level of 1,189.00 dollars per ounce.
World gold prices have led the Indian yellow metal to fall. Gold prices drop to lowest marks in recent months in India today. Gold prices on Friday, July 23 decreased after the publication of the results of stress tests of European banks. As a result of the regular trading session on the New York Mercantile Exchange, NYMEX, the August futures for gold delivery have fallen by 0,7% to $ 1,187.80 per troy ounce.
Australia’s Newcrest Mining Ltd has increased production of gold up to the last fiscal year by 8% – up to 1.762 million ounces, the growth rate in the IV quarter was 26%. This is stated in the message of the mining enterprise.
Gold prices fell after a prolonged rise in price. On Friday, gold was at 8-week lows against the background of active sales associated with the negative economic news. Markets were under the influence of weak data on consumer sentiment and adverse reports on profits of companies that capped a week of disappointing economic data.
Gold prices fell today on the background of lower inflation in the U.S.. Gold prices in India fell by 0.7% today. Analysts believe that the yellow metal will be cheaper to the end of the summer of 2010.
The DJIA and the NASDAQ were victims of bad statistics reports. Completion of the U.S. stock market trading disappointed bulls. Dow Jones Industrial Average and the NASDAQ went on the weekend in the red zone and showed the terrible results on the basis of trading today. Gold prices have fallen to very low grades. The price of gold futures for August delivery fell 20.10 to $ 1188.20 dollars per troy ounce on the basis of trading at the COMEX.
Gold prices rose on a background of low trading volumes in the run-up to long weekend in the U.S. in the last day of the trading week. At the same time, gold prices have fallen in India and in China today. As a result of the regular trading session on the New York Mercantile Exchange, NYMEX, the August futures for gold delivery have increased by 0,4% to $ 1,207.70 per troy ounce. Last week, gold has fallen in price by 4%.The July futures for the supply of silver fell $ 0.07 to $ 17.72 per ounce. September futures for delivery of copper have fallen in price on 1,4% to $ 2.92 per pound.