From Chris Mullen at GoldSeek.com...
Gold traded mostly slightly lower in Asia and London on Wednesday before it spiked higher at the New York open to see a $4.10 gain at $823.10 per ounce.
The Gold Price then fell back off for most of the rest of trade and ended near its low of $808.20 with a loss of 1.1% for the session.
Silver rose to see an 18 cent gain at $10.46 in early New York trade before it also fell back off for most of the rest of trade and ended with a loss of 0.97%.
The Gold Price in Euros slipped to €628, platinum lost $6.50 to $858.50, and copper gained a couple of cents to about $1.67.
Gold and silver equities fell nearly 2% at the open, but they then rallied back higher for the rest of trade and ended with about 6% gains.
Crude oil meantime rose on hopes of rebounding demand as China cut interest rates and the European Union proposed a $260 billion stimulus package.
Treasuries rose on another round of horrible economic data while the US Dollar index and the Dow, Nasdaq, and S&P also gained on apparent hopes that the worst may be over and all will start getting better from here on out.
A flurry of US economic data showed Durable Goods Orders sinking 6% in Oct., Personal Spending falling 1%, business managers' sentiment dropping further still on the Chicago and Michigan indices, and New Home Sales falling more than 5%.
With the US closed Thursday for the Thanksgiving Holiday, there are no other major economic reports scheduled this week.