The gold price
Gold and Silver Gain Nearly 2% and 4% on the Week - 27 July 2009
From the Gold Seeker Weekly Wrap-Up:
Gold and silver fell about 1% in Asia before they rallied back to about unchanged in London and then turned mixed in New York. Gold prices held mostly slightly lower and ended with a loss of 0.13% while silver turned higher in afternoon trade and was able to end at its late session high of $13.89 with a gain of 0.80%.
Euro gold fell to about €670, platinum gained $6.50 to $1184.50, and copper remained at about $2.52.
Gold mining and silver equities traded mostly slightly higher in morning trade, but they then turn generally lower in afternoon trade and ended near unchanged.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on generally disappointing earnings reports, but Dow and S&P rose in late trade and ended slightly higher on optimism heading into next weak while the Nasdaq remained lower on yesterday’s poor report from Microsoft.
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