Gold Ends Mon 0.8% Lower, Stock Rally Fades

Source:

"Gold mining and silver equities fell over 1.5% in the first half hour of North American trade, before they rebounded to see slight gains by midmorning."

Gold and silver initially fell in Asia on Monday, before they rebounded near unchanged in early London trade.

Both the silver and gold price then fell to new lows for the day at $12.78 and $915.40 an ounce, respectively by 10:00 in New York, only to bounce into the close and end with losses of 2.3% and 0.8%.

The gold price in Euros fell to €708.

Treasuries fell rather noticeably while the Dow, NASDAQ, and S&P reversed early gains and ended slightly lower as traders digested last week’s significant gains.

Platinum lost $8 to $1,052.50, and copper gained over 8 cents to about $1.74.

Gold mining and silver equities fell over 1.5% in the first half hour of North American trade, before they rebounded to see slight gains by midmorning.

Gold and silver stocks then fell back off into the close and ended with over 1% losses.

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