Gold Seeker Closing Report: Gold and Silver Gain Over 1%

Jon Gold, Market Commentary, Precious Metals, Silver

Close Gain/Loss Gold $1165.80 $16.40 Silver $15.74 $0.18 XAU 67.87 4.27% HUI 160.51 3.89% GDM 503.10 3.72% JSE Gold 1016.12 -16.83 USD 87.54 -0.26 Euro 124.76 0.54 Yen 86.62 -0.47 Oil $77.74 $0.34 10-Year 2.360% 0.001 Bond 141.00 0.03125 Dow 17614.90 0.01% Nasdaq 4660.55 0.19% S&P 2039.68 0.07%
The Metals:
Gold waffled near unchanged in Asia and saw slight gains in London before it showed some weakness in midmorning New York trade, but it then shot back higher midday and ended near its late session high of $1172.97 with a gain of 1.43%. Silver surged to as high as $15.887 and ended with a gain of 1.16%.
Euro gold rose to about 935, platinum gained $9 to $1202, and copper climbed a couple of cents to about $3.03.
Gold and silver equities rose about 3% in the first half hour of trade before they pared their gains by midmorning, but they then rose to new highs in afternoon trade and ended with about 4% gains.

This post was published at GoldSeek on November 11, 2014.