Gold fell on the last day of the quarter on Thursday, as hopes that Greece would avoid a debt default eroded safe-haven interest, but secured an 11th consecutive quarterly gain on global economic uncertainty. Spot gold was down 0.7 percent at $1,500.79 an ounce by 2:50 pm EDT. US August gold futures settled down $7.60 at $1,502.80, after trading between $1,500.30 and $1,514.80.
Silver was last down 0.5 percent at $34.59 an ounce, posting a quarterly loss of about 7.5 percent, its first decline after nine straight quarterly gains and its worst since the third quarter of 2008, when the global financial crisis was near its most intense.
Spot palladium rose 1.4 percent to $756.75. Platinum was last down 0.1 percent at $1,723 an ounce, notching its first quarterly decline in a year, down 2.6 percent in the second quarter.
Comments
Comments are closed.