Metal markets: gold’s trading under $1,090

Thursday, bullion prices were mostly unchanged at under $1,090 per ounce on as investors mulled direction after Barack Obama laid out plans to revive the US economy in his State of the Union speech.

Spot gold was little changed at $1,087.70 per ounce as of 3:29 GMT, compared to New York's notional close of $1,087.25.

Obama vowed to boost job growth and curb exploding deficits, as he recast his agenda after suffering a political setback.


US gold futures for February delivery GCG0 rose 0.3% to $1,088.20 per ounce, compared to $1,087.90 at the close on the COMEX division of the NYMEX.

The SPDR Gold Trust reported its holdings to flat at 1,111.922 tonnes as of January, 27, unchanged from the previous business day.

In contrast, the iShares Silver Trust‘s silver holdings stood at 9,384.98 tonnes as of January, 27, gaining 0.5% from the previous business day.

Around 03:27 GMT the precious metals was quoted as much as:

Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1088.05 0.80 +0.07 -0.70
Spot Silver 16.53 -0.01 -0.06 -1.78
Spot Platinum 1507.00 4.50 +0.30 2.73
Spot Palladium 412.50 1.00 +0.24 1.73
TOCOM Gold 3170.00 10.00 +0.32 -2.73 41278
TOCOM Platinum 4368.00 46.00 +1.06 -0.30 16571
TOCOM Silver 48.80 -0.30 -0.61 -5.61 372
TOCOM Palladium 1199.00 -13.00 -1.07 2.92 413


TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices are in $ per ounce.