Gold News

Gold and Silver Gain Roughly 1%

Gold traded mostly slightly higher in Asia, rose almost $10 in London, and popped to as high as $1215.13 at the open of trade in New York before it dropped back off a bit by late morning, but it then climbed back near its earlier high in the last minutes of trade and ended with a gain of 1.44%.  Silver climbed to as high as $18.095 by late morning in New York before it moderated its gains a bit in the last couple of hours of trade, but it still ended with a gain of 0.73%.

Euro gold rose to almost €947, platinum gained $11.50 to $1524, and copper gained 3 cents to about $3.28.

Gold and silver equities climbed over 2% by midday and remained near their highs into the close.

Treasuries remained lower after today’s $16 billion 30-year note auction drew a yield of 3.954% with a bid to cover of 2.77.

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

 

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals