Gold Seeker Closing Report: Gold and Silver Find Slight Gains Before Fed Day

Jon Economy, Fiscal Policies, Gold, Market Commentary, Precious Metals, Silver

The Metals:
Gold climbed $8.01 to $1241.91 in London before it dropped back to $1232.14 at about 10AM EST, but it then bounced back higher in late morning trade and ended with a gain of 0.13%. Silver rose to $18.848 in London before it fell back to $18.616, but it still ended with a gain of 0.16%.
Euro gold remained at about 953, platinum gained $3 to $1362, and copper jumped 7 cents to about $3.16.
Gold and silver equities fell over 1% in the first half hour of trade, but they then rose to see about 1% gains by late morning and remained near that level for the rest of the day.

This post was published at GoldSeek on 16 September 2014.