Gold Falls as U.S. Dollar Advances

by Christopher Freeburn | April 23, 2013 4:59 pm

Gold Silver GLD IAU SLV[1]Weak economic reports from Germany and China sent the U.S. dollar up and gold down in Tuesday trading.

Gold futures for May delivery slipped 0.9% to $1,408.7 per ounce on Tuesday, according to CME Group[2]. Gold traded as high as $1,436 and as low as $1,404.70. Gold bullion closed in London at $1,418, according to BullionVault[3].

Silver futures for May delivery fell 2.2% to $22.82 per ounce. Tuesday’s high for silver was $23.41, while the low was $22.56.

Gold and silver funds retreated in Tuesday trading.

Gold and silver mining ETFs moved lower during the day.

Gold mining shares pulled back on Tuesday.

Silver mining shares moved lower.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[23] contributed to this report.

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