Gold moved lower Thursday as the U.S. dollar climbed and oil prices dipped below $44 a barrel to reach toward a four year low.

The dollar benefited from Bank of England and European Central Bank (ECB) interest rate cut announcements. New York silver, gold and platinum futures responded with losses of 0.7 percent, 0.6 percent and 0.8 percent respectively.

January crude-oil tumbled $3.12, or 6.7 percent, to $43.67 a barrel — its lowest closing price since January 5, 2005. The average price for unleaded gasoline dropped nearly a penny and a half to $1.789 a gallon, according to AAA. Read the rest of this entry »

Precious metals moved lower Wednesday along with oil as the U.S. dollar climbed against other world currencies. New York silver, gold and platinum futures lost 0.3 percent, 1.6 percent and 0.3 percent, respectively.

January crude-oil ended down 17 cents, or 0.4 percent, to $46.79 a barrel. Oil continues to fall from its lowest level in more than three years. The average price for unleaded gasoline dropped another penny to $1.803 a gallon, according to AAA.

March silver lost 3 cents to close to $9.59 an ounce.

January platinum fell $2.20 to end at $805.10 an ounce.

Gold for February lost $12.80 to close to $770.50 an ounce.

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The U.S. dollar on Tuesday lost steam, and helped gold recover from its biggest previous day session decline since March. That, despite another day of falling oil prices. New York silver and gold futures gained 2.5 percent and 0.8 percent, respectively, while platinum declined 0.3 percent.

January crude-oil lost another $2.32, or 4.7 percent, following Monday’s $5.15 drop to close to $46.96 a barrel. Oil is now at its lowest level in more than three years. The average price for unleaded gasoline declined nearly one cent to $1.812 a gallon, according to AAA.

March silver gained 23 cents to close to $9.615 an ounce.

January platinum fell $2.60 to settle at $807.30 an ounce.

Gold for February rose $6.50 to close to $783.30 an ounce.

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Precious metals slipped and then tumbled on Monday as the U.S. dollar showed strength against other world currencies and oil plummeted 9.4 percent. New York silver, gold and platinum futures fell 8.3 percent, 5.2 percent and 8.2 percent respectively.

January crude-oil plunged $5.15 to close to $49.28 a barrel. The average price for unleaded gasoline declined a half cent to $1.82 a gallon, according to AAA.

March silver declined 85 cents to close to 9.38 an ounce.

January platinum fell $72.40 to settle at $809.90 an ounce.

Gold for February lost $42.20 to close to $776.80 an ounce.

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Precious metals were again mixed for the week. Gold edged up for the month in New York by an impressive 14 percent, its biggest percent rise since September. However, London gold — used as a benchmark for immediate delivery — lost 0.3 percent, although London silver and platinum gained 0.8 percent and 5.0 percent respectively.

According to Bloomberg, U.S. stocks enjoyed the biggest weekly rally in more than 30 years. The results managed to offset a portion of the losses in November.

The Dow fell 5.3 percent in November, but surged 9.2 percent since last Friday’s close. The S&P shot up 12 percent on the week, but dropped 7.4 percent for the month. And the Nasdaq surged 11 percent from last Friday’s close, yet fell 10.8 percent on the month.

New York December crude-oil settled to $54.43 a barrel, losing one cent Friday. It surged 9 percent for the week. AAA said the average price for unleaded gasoline fell to $1.83 a gallon on Saturday. The average price a month ago was $2.55.

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Precious metals moved lower Wednesday as the U.S. dollar showed strength, and despite rising oil. New York silver, gold and platinum futures fell 0.5 percent, 1.2 percent and 0.2 percent, respectively.

January crude-oil recovered from Tuesday’s losses, gaining $3.67, or 7.2 percent, to close to $54.44 a barrel. The average price for unleaded gasoline declined yet another 2 cents to $1.868 a gallon, according to AAA.

December silver declined 5 cents to close to 10.22 an ounce.

January platinum fell $1.90 to settle at $869.70 an ounce.

Gold for December lost $10 to close to $808.50 an ounce.

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Gold moved slightly lower Tuesday as oil plunged. The yellow metal fell for the first time in five sessions following Monday’s 9.2 percent surge. New York gold futures dropped 0.1 percent while silver declined 0.8 percent. Platinum managed to climb 0.6 percent.

January crude-oil gave up most of its earlier gains, falling $3.73, or 6.8 percent, to close to $50.77 a barrel. AAA said the average price for unleaded gasoline declined another 2 cents to $1.885 a gallon.

December silver declined 8.5 cents to close to 10.27 an ounce.

January platinum gained $5.20 to settle at $871.60 an ounce.

Gold for December lost $1 to close to $818.50 an ounce.

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Gold rose for a fourth consecutive session Monday as the U.S. dollar weakened against other world currencies. Silver was radiant, rising nearly 90 cents. By the end of the day, New York silver, gold and platinum futures gained 9.2 percent, 3.5 percent and 4.9 percent respectively.

January crude-oil surged $4.57, or 9.2 percent, to close to $54.50 a barrel.

The average price for unleaded gasoline declined 2 cents to $1.908 a gallon, according to AAA.

December silver closed at 10.355 an ounce.

January platinum rose $40.70 to settle at $866.40 an ounce.

Gold for December gained $27.70 to close to $819.50 an ounce.

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It was a mixed bag for precious on the week. London gold gained 4 percent while silver and platinum fell 3.5 percent and 3.6 percent respectively. The Dow declined 5.3 percent, the S&P lost 8.4 percent, and the Nasdaq dropped 8.7 percent from last Friday’s close.

New York January crude-oil settled to $49.93 a barrel, losing 51 cents on Friday. Oil lost $7.67 on the week, or 13 percent.

AAA said the average price for unleaded gasoline fell below $2 to $1.953 a gallon on Saturday. The average price a month ago was $2.82.

London silver ended at $9.17 an ounce, dropping 33 cents on the week, or 16 cents since last Friday.

London gold closed to $774.50 an ounce, gaining $29.50 for the week, or $27 from last Friday.

London platinum settled to $812 an ounce, losing $30 for the week, or $33 since last Friday.

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Gold bucked the traditional trends on Thursday and gained despite a rising dollar and oil at its lowest closing point in over three years. New York gold futures gained 1.7 percent. Silver and platinum futures fell together for the second consecutive day by 3.1 percent and 4.1 percent respectively.

December crude-oil plunged $4, or 7.5 percent, to close at $49.62 a barrel and its lowest level since May of 2005. Oil has dropped nearly $100 since its July record peak of $147.27.

The average price for unleaded gasoline fell nearly 3 cents to $2.02 a gallon, according to AAA.

December silver fell 28.5 cents to end at 9.025 an ounce.

January platinum dropped $33.60 to settle at $790.10 an ounce.

Gold for December gained $12.70 to close to $748.70 an ounce.

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