Gold News

Gold and Silver Gain Nearly 2% and 4% on the Week

From the Gold Seeker Weekly Wrap-Up:

Gold
and silver fell about 1% in Asia before they rallied back to about
unchanged in London and then turned mixed in New York. Gold prices held
mostly slightly lower and ended with a loss of 0.13% while silver
turned higher in afternoon trade and was able to end at its late
session high of $13.89 with a gain of 0.80%.

Euro
gold fell to about €670, platinum gained $6.50 to $1184.50, and
copper remained at about $2.52.

Gold
mining and silver equities traded mostly slightly higher in morning trade,
but they then turn generally lower in afternoon trade and ended near
unchanged.

Treasuries
rose as the Dow, Nasdaq, and S&P traded mostly lower on generally
disappointing earnings reports, but Dow and S&P rose in late
trade and ended slightly higher on optimism heading into next weak
while the Nasdaq remained lower on yesterday’s poor report from
Microsoft.

 

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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