Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Plummet Again
The Metals:
Gold and silver traded mostly slightly higher in Asia and London before they soared upward in early New York trade to as high as $758.70 and $9.84 by about 10AM EST to see gains of 2.69% and 3.04%, but they then fell back off for most of the rest of trade and ended near their new session lows of $731.45 and $9.235 with a gain of 0.37% and a loss of 2.3%.
Euro gold rose to about €586, platinum lost $14 to $812.50, and copper fell over 6 cents to about $1.59.
Gold and silver equities rose roughly 7% in the first half hour of trade, but they then fell back off for the rest of the day and ended with about 5% losses.
