20 Jun '11, 9pm

Comex Gold, Silver Weaker amid Lower Crude Oil, Stronger U.S. Dollar Index

(Kitco News) - Comex gold and silver futures prices are trading modestly lower Monday morning, as lower crude oil prices and a stronger U.S. dollar index weigh on the precious metals. However, selling interest in the metals is being limited by safe-haven investor demand for gold and silver as the Greek debt crisis continues to play out. August gold last traded down $3.40 an ounce at $1,535.70. Spot gold last traded down $5.20 an ounce at $1,535.25. July Comex silver last traded down $0.408 at $35.34 an ounce. After weekend meetings between Greek officials, the European Union and the International Monetary Fund, there was no agreement reached on a bailout package regarding Greece's debt crisis. In fact, those officials are now saying it will be mid-July before any agreement is reached. Meantime, there is a vote of confidence for the Greek president scheduled for Tuesday. Sa...

Full article: http://sg.news.yahoo.com/comex-gold-silver-weaker-amid-lo...

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