Gold News

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

Gold
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%.

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

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

It
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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