old Seeker Closing Report: Gold and Silver Hold Recent Gains as Fed Tries To Solve Problems Created By Leverage With… More Leverage
The Metals:
Gold fell $15.35 to $802.55 by early trade in London and rose $12.60 to $830.50 by about 9AM EST in New York before it fell back off into the close, but it still ended with a gain of 0.13%. Silver rose $0.173 to $10.493 by about 9AM EST and fell $0.29 to $10.03 by late morning in New York before it rallied back higher into the close, but it still ended with a loss of 0.39%.
Euro gold fell to about €628 on more euro strength, platinum gained $11.50 to $865, and copper dropped a couple of cents to about $1.65.
Gold and silver equities fell as much as 5% by early afternoon, but they then rallied back higher into the close and ended with slight gains.
