It's becoming a common tale, but there was relatively little movement in the gold price as it remained in its tight range. Volumes were light, but issues in Greece meant that any falls were limited due to the safe-haven appeal of the precious metal.

width=480

Gold & Silver

Commodity

Level

Change

GOLD

$1,155.85

-$4.90

SILVER

$18.37

-$0.01

Market News

  • The weekly initial jobless claims in the US rose for the second successive week to 484,000.
  • Eurozone finance ministers are meeting up today in Madrid to discuss the Greek fiscal issue.
  • The NAHB numbers showed that the US housing market rose by 4 points in April, reversing the falling number in March.
  • The second ever BRIC summit meeting - Brazil, Russia, India and China - concluded, sharpening their call for reform of international institutions.

Major Economic News

TIME

MARKET DATA

1445

UNIVERSITY OF MICHIGAN CONFIDENCE