From Chris Mullen at GoldSeek.com...
Gold Prices ended Thursday unchanged in New York after rising to $953.30 in Asia and then falling as low as $940.20 shortly after economic data gave the US Dollar a surprise bounce.
Fourth-quarter GDP growth in the United States was reported 0.6% higher year-on-year, but new jobless claims were lower than forecast.
Friday brings Personal Income for February expected at 0.3%, Personal Spending expected at 0.1%, and Core PCE Inflation expected at 0.1%. At 15:00 GMT comes Michigan Sentiment for March, expected at 70.0.
The US Dollar index rose Thursday and Treasury bonds fell, with those moves continuing after the first auction of the Federal Reserve's new $75 billion Term Securities Lending Facility apparently showed that banks were not in dire need of funding.
The Dow, Nasdaq, and S&P traded mostly lower despite the economic data and TSLF auction as concerns over more financial writedowns and a poor I.T. spending outlook from Oracle kept investors worried.
Silver fell on Thursday as low as $17.927 in early New York trade, but it then rallied higher for the rest of the day and ended at its high of the session with a gain of 0.93%.
The Gold Price in Euros fell to about €601, platinum gained $46 to $2036, and copper gained over 15 cents to about $3.90.
Gold and silver equities fell over 1% about an hour into trade before they rallied back near unchanged by mid-afternoon, but they then fell back off with the major indices in the last hour of trade and ended with over 1% losses.
Crude oil rose over $1 after pipeline attacks in Iraq raised supply concerns.
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