Gold & Silver Prices Slip After Ending NY Trade 0.2% Better, Mining Stocks Fall 1% as Dollar Rises

 

From Chris Mullen atGoldSeek.com...

Gold Prices climbed to $1371.98 in London onMonday and fell to $1359.28 in early New York trade, before rallyingto a new session high of$1376.68 by early afternoon. 

The Gold Price then fell back off a bitin late trade, but it still ended with a gain of 0.2%.

The Gold Price in Euros rose to about€1005 per ounce.

Silver Prices fell to $25.72 and roseto $26.45 before also falling back off, but still ending New Yorktrade with a gain of 0.2%.

Both metals fell in after-hours accesstrade at the time of writing.

Platinum gained $1.50 to $1680, and copper gained a few cents to about $3.92.

Gold Mining and silver equities wafflednear unchanged and ended with about 1% losses.

Oil remained near unchanged whilethe US Dollar index rose and Treasuries fell on decent economic datathat sent the Dow, Nasdaq, and S&P modestly higher for most oftrade, but they then fell back off into the close and ended mixed andnear unchanged.

New US data showed Retail Sales rising1.2% in Oct., better than expected, but the Empire ManufacturingIndex showed a sharp contraction and Business Inventory growth was onforecast at 0.9%.

Tuesday at 08:30 EST brings ProducerPrice Inflation for October, expected at0.8%. Core PPI is expected at0.1%.

At 09:00 comes the Net Long-Term TICFlows report for September, and at 09:15 are Industrial Productionfor October (expected at 0.3%) andCapacity Utilization (expected at74.9%).

At 10:00 is the NAHB Market HousingIndex for November, expected at 15.0.

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