Gold erased all of yesterday’s post-fed after hours gains and fell to just below yesterday’s close at as low as $1195.40 in London before it rose over 1% to as high as $1207.75 by about 9AM EST in New York and then fell back off for most of the rest of trade to as low as $1192.40 by late morning, but it then bounced back higher in afternoon trade and ended with a gain of 0.16%. Silver fell throughout most of trade in Asia, London, and New York and ended near its late morning low of $17.79 with a loss of 1.32%.
Euro gold rose to about €930, platinum lost $18.30 to $1512.50, and copper fell nearly 6 cents to about $3.25.
Gold and silver equities fell over 2% by late morning and remained near their lows into the close.
Treasuries added to early gains after today’s $24 billion 10-year notes sold at a high yield of 2.73% with a bid to cover of 3.04.
The Dow, Nasdaq, and S&P fell over 2% on further signs of economic weakness in China and Europe that added to continued uncertainty over the US economy expressed by the fed yesterday.