Gold Price Holds Steady As Oil, Dollar Both Fall
From Chris Mullen at GoldSeek.com...
The Gold Price dropped $9.10 to $1486.20 by late morning Thursday
in New York before heading back higher in afternoon trade. It ended with a slight
loss of 0.22%.
Silver Prices fell as low as $34.55 before it also bounced
back higher in late trade, but it still ended with a loss of 0.85%.
The Euro Gold Price fell to about €1042.
Gold Mining and silver mining equities were near unchanged
and ended mixed.
Platinum lost $5 to $1761.50, and copper fell 5 cents to
about $4.05.
Oil and the US Dollar both fell after Thursday morning's
round of poor economic data.
US Treasuries fell as the Dow, Nasdaq, and S&P rose on
LinkedIn's strong debut.
Among the big names making news in the market Thursday were
3M, Takeda, Glencore, LinkedIn, Chrysler, and MF Global.
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