Gold News

Gold Seeker Closing Report: Gold and Silver Gain Nearly 1% and 2%

Treasuries
rose after today’s $28 billion 7-year note auction capped off a
record high week of the government’s issuance of $115 billion of
debt and actually went pretty well. The bid-to cover ratio of 2.63
was better than the recent average of 2.4 and the high yield of
3.369% was also pretty good, but indirect (foreign) buying was a
little week.

From Chris Mullen of Gold-seeker.com

 

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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