The Metals: Gold rose $7.90 to $913.00 in late Asian trade in reaction to the news that China has increased its gold reserves by 76% to 1,054 tons before it fell back off in London and early New York trade to see a $0.95 loss at $904.15 at about 11AM EST, but it then shot back higher in the last two and a half hours of trade and ended near its new session high of $913.50 with a gain of 0.83%. Silver climbed $0.15 to $12.90 in late Asian trade, fell to see a $0.062 loss at $12.688 in London, and then exploded to a new high of $12.94 at the New York open before it dropped back to $12.80 by about 11AM EST, but it then climbed back near its earlier high in the last two and a half hours of trade and ended with a gain of 1.1%. Euro gold fell to about €688 on euro strength, platinum lost $2 to $1173.50, and copper gained nearly 6 cents to about $2.05. Gold and silver equities climbed higher throughout the day and ended with about 6% gains.

Source