Gold News

Gold Seeker Closing Report: Gold and Silver Fall Over 1% and 3%

and silver traded mostly slightly lower in Asia and London, but they
then accelerated their losses in New York and gold ended near its low
of $925.00 with a loss of 1.26% while silver closed near its low of
$13.167 with a loss of 3.49%.

gold fell to about €661, platinum lost $22 to $1169, and copper
fell over 4 cents to about $2.47.

and silver equities fell roughly 3% in the first hour of trade and
remained at about that level for the rest of the day.

fed’s Beige Book said that they see retail activity as sluggish
with some improvement in manufacturing, but lending is seen as stable
or weak. Overall the fed said that the economy continues to be weak,
but the pace of decline is slowing.

at 8:30AM EST brings Initial Jobless Claims for 7/25 expected at

From Chris Mullen at .


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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