Gold Seeker Closing Report: Silver Gains Almost 3% While Gold Rises Over 1% - 5 August 2009

Euro gold rose to about €671, platinum gained $32.50 to $1264, and copper gained nearly 6 cents more to about $2.79.

Gold and silver equities started off the day roughly 1% lower before they rose to see about 2% gains by early afternoon, but they then fell back off into the close and ended with only about 1% gains.

Oil ended slightly lower after a mixed day as traders await tomorrow’s inventory data.

Treasuries fell after the better than expected Pending Home Sales report pushed interest rates higher.

The U.S. dollar index ended modestly higher along with the Dow, Nasdaq, and S&P on hopes that better than expected housing data will encourage world investors to put their cash to work in US related assets.

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