Gold News

Gold and Silver Fall Over 1% and 4% While Stocks Gain

traded near unchanged in Asia and fell $5.20 to $886.95 midday in
London before it rose to see a gain of $1.35 at $893.50 around 8:30AM
EST in New York, but it then fell back off for most of the rest of
the morning and ended near its low of $876.80 with a loss of 1.54%.
Silver traded just slightly lower in Asia and London before it also
dropped off rather markedly in midmorning New York trade and ended
near its low of $12.18 with a loss of 4.36%.

gold fell to about €667, platinum lost $6 to $1206.50, and copper
fell roughly 4 cents to about $2.16.

and silver equities fell over 5% by early afternoon and remained near
their lows into the close.

was also announced today that the Obama administration will start
releasing results of the bank stress tests next week. Tomorrow
9:55AM EST brings Michigan Sentiment for April expected at 58.5.


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.

See the full archive of Chris Mullen articles


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