Gold Recovers Slightly After a Steep Drop

NEW YORK (AP) -- The price of gold is gaining back some ground a day after its biggest drop in 30 years.

Gold climbed 1.9 percent Tuesday, a day after plunging $140 an ounce, or 9 percent, as concerns about a slower world economy spurred a widespread sell-off in commodities and stocks.

Gold gained $26.30 to settle at $1,387.40 an ounce.

Traders buying gold Tuesday were getting the precious metal at its lowest price since February 2011.

Silver increased 26.7 cents, 1.1 percent, to $23.628 an ounce.

Industrial metals also recovered some of their losses. Platinum gained $25.80 to $1,450.60 an ounce, an increase of 1.8 percent. Palladium climbed $11.20 to $678.20 an ounce, a 1.7 percent rise.

Copper rose 3.25 cents to $3.3055 a pound.

Agricultural futures also moved higher.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2366356, ~/Articles/ArticleHandler.aspx, 8/21/2014 5:16:20 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 16,979.13 59.54 0.35%
S&P 500 1,986.51 4.91 0.25%
NASD 4,526.48 -1.03 -0.02%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes


Advertisement