GOLD SILVER PRICE NEWS ~ NEW YORK -- Gold and silver prices were higher as Greece's debt issues remained in the spotlight despite Parliament securing its next chunk of bailout money.
Gold for August delivery was adding $12.20 to $1,512.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,513.80 and as low as $1,500.80 while the spot gold price was up $8.70, according to Kitco's gold index.
Silver prices were adding $1.21 to $34.85 an ounce while the U.S. dollar index was losing 0.48% at $74.68 and the euro was adding 0.42% vs. the dollar.
Greece's parliament passed $40.3 billion in austerity measures, despite violent protests that brought Athens to a standstill, in order to secure the next portion of bailout money from the IMF and European Union. Although most investors expected this news, the euro staged a mini-rally which weighed on the dollar and helped gold and silver. Read More
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