Today’s AM LBMA Gold Price was $1,204.30, €1,075.99 and £779.73 per ounce.
Yesterday’s AM LBMA Gold Price was $1,204.80, €1,095.45 and £783.99 per ounce.
Gold fell 0.68% or $8.20 and closed at $1,204.00/oz yesterday, while silver slipped 0.48% or $0.08 closing at $16.53/oz.
Gold in US Dollars – 5 Years
In Asia overnight, Singapore gold prices traded flat at $1,204.20/oz near the end of day trading and gold is marginally lower in late morning trading in London.
Gold capped losses from after the Fed statement which did not mention dates for an interest rate hike, but rather stressed the importance of economic data and viewed the recent U.S. economic slowdown as transitory.
The U.S. GDP grew 0.2% in the first quarter of this year, well below the expected 1.0% and down from 2.2% in the fourth quarter of last year. More U.S. employment data is released today.
In late morning trading in Europe gold is off 0.12% at $1,203.10/oz. Silver is up 0.05% at $16.56/oz while platinum is down 0.17% at $1,148.50/oz.