GS: Gold Seeker Weekly Wrap-Up: Gold and Silver End Mixed on the Week
The Metals:
Gold saw a slight gain in Asia at $1217.40 before it fell back off in London to as low as $1210.97 by about 11AM EST in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.02%. Silver climbed almost 1% to $18.18 before it fell to $17.947 at about 9AM EST, but it then bounced back higher and ended with a gain of 0.28%.
Euro gold rose to about €950, platinum lost $4.50 to $1519.50, and copper fell a few cents to about $3.25.
Gold and silver equities fell about 1% by late morning and remained near their lows into the close.
Next week’s economic highlights include the NY Fed - Empire Manufacturing Index and Net Long-Term TIC Flows on Monday, Housing Starts, Building Permits, PPI, Industrial Production, and Capacity Utilization on Tuesday, and Initial Jobless Claims, Leading Economic Indicators, and the Philadelphia Fed on Thursday.
