Gold News

Closing Report: Gold and Silver End Mixed

Gold climbed steadily higher in Asia and London and rose to as high as $1202.90 by about 9:40AM EST before it fell back off in the last few hours of trade in New York, but it still ended with a gain of 0.71%. Silver climbed to as high as $18.688 by midmorning in New York, but it then fell off rather markedly in afternoon trade and ended near its late session low of $18.227 with a loss of 0.81%.


Euro gold rose to almost €909, platinum lost $1 to $1575.70, and copper gained over 4 cents to about $3.40.


Gold and silver equities rose almost 3% by midmorning before they fell back off a bit in afternoon trade, but they still ended with over 2% gains.

Chris Mullen is chief content manager of the GoldSeek family of websites, a leading source of gold news, comment and mining-stock data for private and institutional investors.

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