From Chris Mullen at GoldSeek.com...
Gold Prices traded mostly higher in Asia and London on Thursday, and rose over 1% in early New York trade to reach as high as $1337.20 an ounce.
The Gold Price then fell back near $1333 at around 10:45 Eastern, but jumped to a new session high of $1345.00 by midday and ended with a gain of 1.5%.
Euro Gold Prices climbed over €963 an ounce.
Silver Prices climbed as high as $23.83 in early New York trade before it also pared its gains midmorning, but it then shot up to a new high of $24.00 and ended with a gain of 1.8%.
Platinum gained $10.50 to $1683.50, and copper rose slightly to about $3.79.
Gold Mining and silver equities rose throughout most of trade and ended with about 3% gains.
Oil rose as the US Dollar index fell on renewed confidence that the Federal Reserve will engage in a significant amount of quantitative easing next week.
Treasuries remained higher after a $29 billion auction of 7-year notes sold at a high yield of 1.97% with a bid to cover of 3.06.
The Dow, Nasdaq, and S&P waffled near unchanged on mixed earnings reports.
Initial US Jobless Claims for last week showed a marked drop from early-Oct.
Friday at 08:30 ET brings third-quarter US GDP, expected to show 2.0% annualized growth.
The Chain Deflator – a measure of domestic inflation – is expected at 1.9%, and the Employment Cost Index is expected at 0.5%.
Then at 09:45 comes Chicago PMI for October, expected at 58.0. At 09:55 is Michigan Sentiment for October, expected at 68.0.
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