Lates News

On Monday (May 12th), New York spot gold fell by 2.69% to $3235.37 per ounce at the close, remaining in a downward trend throughout the day. After 15:00 Beijing time, it fluctuated at a low level and hit a daily low of $3207.86 at 18:56, once again probing below $3200 after May 1st. COMEX gold futures fell by 2.76% to $3240.10 per ounce, and continued to fluctuate around the $3280 level after an initial "gap down" in the Asia-Pacific session. A second round of selling pressure appeared around 15:00, hitting a daily low of $3211.20 at 18:56. The Philadelphia Gold and Silver Index fell by 6.94% to 179.15 points. Gold and silver mining stocks (not necessarily component stocks) fell by 22.66% for PPTA, 16.13% for Pan American Silver, and over 10% for Harmony Gold, Kinross Gold, and AU. Gold miner factor indices ETF fell by 8.38%, and gold miner stocks ETF fell by 7.44%. Spot silver fell by 0.43% to $32.5880 per ounce. COMEX silver futures fell by 0.42% to $32.775 per ounce. COMEX copper futures fell by 0.47% to $4.6320 per pound.