Gold Prices Ease, Silver Down
Chris Mullen at GoldSeek wraps up Thursday's action...
Gold Prices climbed to a new record high of $1814.84 per ounce at the start of Thursday's trading, but then fell throughout most of trade in New York and ended with a loss of 1.81%.
Euro Gold Prices meantime fell to under €1233 per ounce.
Silver Prices fell to as low as $37.822 per ounce before rebounding higher in the last couple of hours of trade, but they still ended with a loss of 2.01%.
Silver and Gold Mining stocks waffled on either side of unchanged and ended with around 1% gains.
Platinum gained $24.60 to $1782.85, and copper gained almost 12 cents to about $4.00.
Oil rose over 3% on better than expected economic data that raised demand expectations.
The US Dollar fell as the Euro rose on easing worries about European debt problems.
US Treasuries extended lower after Thursday's$16 billion 30-year note auction sold at a high yield of 3.75% with a bid to cover of 2.08.
The Dow, Nasdaq, and S&P rose about 4% on better than expected jobs data and a strong earnings report from Cisco Systems.
Among the big names making news in the market Thursday were Deere, AOL, New Corp, Citadel, and Cisco.
Friday at 8:30am EST brings Retail Sales for July expected at 0.5%. Excluding autos, sales are expected at 0.2%. At 9:55 is Michigan Sentiment for August expected at 62.5 and at 10am is the Business Inventories report for June expected at 0.5%.
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