Gold News

Gold Price Holds Steady As Oil, Dollar Both Fall

From Chris Mullen at

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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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.

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