Gold and silver prices were flat Friday June 10 2011
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Gold and silver prices were flat Friday June 10 2011
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NEW YORK (TheStreet ) -- Goldand silver priceswere flat Friday as the Bank of Korea raised interest rates and the U.S. dollar strengthened. Gold for August delivery was down 40 cents to $1,542.30 at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,546.50 and as low as $1,541.20 while the spot gold price was shedding $3, according to Kitco's gold index. Silver prices were down 4 cents to $37.38 an ounce while the U.S. dollar index was adding 0.30% to $74.40.
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Thursday saw the broader markets snap a six-day losing streak, with the Dow Jones Industrial Average finishing up 75 points. The rally drew many investors' attention away from the metals market.
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