Gold News

Gold and Silver End Slightly Higher

climbed $8.05 to $898.85 just before 8:30AM EST before it plummeted
down to $885.75 as the CPI data was released, but it then rallied
back higher for most of the rest of trade and ended with a gain of
0.15%. Silver fell $0.145 to $12.65 and then rose $0.145 to $12.94
in London before it fell back off in morning New York trade, but it
then rallied back higher in the last two hours of trade and ended
with a gain of 0.31%.

gold rose to about €675, platinum gained $2.50 to $1212.50, and
copper gained over 9 cents to about $2.21.

and silver equities rose over 1% at the open before they fell back
near unchanged midmorning, but they then rallied back higher into the
close and ended with over 1% gains.

fed’s Beige Book said the economy contracted further, but that some
expectations improved marginally.

production is down 13.3% since the recession began in December 2007,
percentage decline since the end of World War II
when production of military equipment ground to a halt and production
fell 35%.”

at 8:30AM EST brings Initial Jobless Claims for 4/11 expected at
658,000, Building Permits for March expected at 549,000, and Housing
Starts expected at 540,000. At 10AM is the Philadelphia Fed
manufacturing survey expected at -32.0.

fell as crude inventories rose a much larger than expected 5.6
million barrels. Gasoline inventories fell 900,000 barrels and
distillates fell 1.2 million barrels.

index and treasuries rose slightly on continued worries over the
economy. The Dow, Nasdaq, and S&P rose on mostly decent earnings



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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