Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks, Bonds, and Dollar Fall - 6 August 2009

Gold traded mostly slightly lower in Asia and London before it dropped almost 1% to as low as $958.70 by about 11AM EST in New York, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.27%. Silver fell almost 1% to $14.54 in Asia before it rallied back higher in London and saw a gain of $0.165 at $14.825 at about 9:30AM EST in New York and then fell back off to about unchanged by late morning, but it then rallied back higher in afternoon trade and ended with a gain of 0.48%.

Euro gold fell to about €668, platinum gained $18 to $1282, and copper rose nearly 2 cents more to about $2.81.

Gold and silver equities fell over 2% in the first hour of trade, but they then rallied back higher for the rest of the day and ended with only slight losses.

The U.S. dollar index, treasuries, and the Dow, Nasdaq, and S&P all fell slightly on economic data that was mostly worse than expected, but not quite concerning enough to inspire another huge round of cash raising and/or safe haven buying.