Gold Seeker Closing Report: Silver Outpaces Gold While Dollar Drops to 2009 Low - 4 August 2009

From Chris Mullen of Gold-Seeker.com .

Gold traded mixed in Asia and rose in London and morning New York trade to as high as $962.15 by a little after noon EST before it fell back off in the last hour of trade, but it still ended with a gain of 0.33%. Silver traded roughly 1% higher in Asia and rose in London to as high as $14.462 by about 9AM EST in New York before it fell back off a bit heading into the close, but it still ended with a gain of 2.29%.

Euro gold fell to about €664 on euro strength, platinum gained $28.50 to $1231.50, and copper gained over 11 cents more to about $2.73.

Gold and silver equities rose almost 4% in the first hour of trade before they fell back off a bit in later trade, but they still ended with about 3% gains on the day.

 

Chris Mullen, 04 Aug '09
Chris Mullen is chief content manager of the GoldSeek family of websites, a leading source of gold news, comment and mining-stock data for private and institutional investors.