Gold Seeker Closing Report: Gold and Silver Fall Slightly With Stocks

Jon Gold, Market Commentary, Precious Metals, Silver

The Metals:
Gold gained $5.35 to $1202.15 in London before it dropped back to $1175.26 at about 10:50 AM EST and then bounced back towards unchanged in early afternoon New York trade, but it then fell back off again into the close and ended with a loss of 1.15%. Silver slipped to as low as $15.897 and ended with a loss of 0.49%.
Euro gold fell to about 943, platinum lost $17 to $1185, and copper climbed 3 cents to about $3.03.
Gold and silver equities fell about 5% by late morning before they rallied back higher at times, but they then fell back off again in late trade and ended near their lows of the session.

This post was published at GoldSeek on 19 November 2014.