Metals – Market Recap – Aug 10,2009

Bloomberg (Reported 8.10.09):

“Aug. 10 (Bloomberg) -- Gold climbed for the first time in four days, reversing an earlier loss, as the dollar’s rally stalled, increasing the appeal of the precious metal as an alternative investment. Silver gained for a second day.

Bullion rose as much as 0.2 percent as the dollar fell against a basket of six major currencies. Gold shed 0.9 percent on Aug. 7 as the dollar index gained after the U.S. jobless rate in July dropped to 9.4 percent, the first decline since April 2008. Economists had forecast an increase to 9.6 percent. ” Gold Rallies as Dollar Advance Stalls, Boosting Demand Prospect

Reuters (Reported 8.10.09):

“TOKYO, Aug 10 (Reuters) - Gold steadied to trade above $955 per ounce on Monday after ending the previous session lower,drawing support from news that European central banks have extended an agreement limiting gold sales. 
Last week the precious metal retreated from a two-month high above $970 when the dollar rallied on renewed hopes for an improvement in the economy.” PRECIOUS-Gold steadies above $955/oz, ETF dips 0.4 pct

Gold Options Activity – Highlights – As Of Aug 7,2009

Silver Options Activity – Highlights – As Of Aug 7,2009