Gold News

Gold Seeker Closing Report: Silver Outpaces Gold While Dollar Drops to 2009 Low

From Chris Mullen of Gold-Seeker.com .

Gold
traded mixed in Asia and rose in London and morning New York trade to
as high as $962.15 by a little after noon EST before it fell back off
in the last hour of trade, but it still ended with a gain of 0.33%.
Silver traded roughly 1% higher in Asia and rose in London to as high
as $14.462 by about 9AM EST in New York before it fell back off a bit
heading into the close, but it still ended with a gain of 2.29%.

Euro
gold fell to about €664 on euro strength, platinum gained $28.50 to
$1231.50, and copper gained over 11 cents more to about $2.73.

Gold
and silver equities rose almost 4% in the first hour of trade before
they fell back off a bit in later trade, but they still ended with
about 3% gains on the day.

 

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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