Gold News

Gold Prices Rise, Silver Up As Economic Worries Send Stock Markets Lower

From Chris Mullen at GoldSeek...

Gold Prices climbed $9.09 to $1516.39 per ounce in Asia on
Friday, but then fell to as low as $1483.10 by early afternoon in New York and
ended with a loss of 0.92%. 

Silver Prices rose to as high as $36.446 before dropping
back down to as low as $33.942, but they still ended with a gain of 0.29%.

The Euro Gold Price rose to over €1058 per ounce.

Gold Mining and silver equities waffled near unchanged and
ended slightly lower.

Platinum lost $0.25 to $1765.00, and copper rose slightly to
about $3.98.

Oil ended higher on short covering heading into the weekend.

The US Dollar and Treasuries rose on economic worries that
sent the Dow, Nasdaq, and S&P lower.

Among the big names making news in the market Friday were
Cisco, Bats Global, Facebook, and AIG.

This week's economic highlights include Empire
Manufacturing, Net Long-Term TIC Flows, and the NAHB Housing Market Index on
Monday, Housing Starts, Building Permits, Industrial Production, and Capacity
Utilization on Tuesday, Federal Open Market Committee minutes on Wednesday, and
Initial Jobless Claims, Existing Home Sales, the Philadelphia Fed, and Leading
Economic Indicators on Friday.

Buying Gold or Silver Bullion?...

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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