Gold dropped $10.57 to $1197.93 in late morning New York trade before it jumped up to $1213.41 after the release of today’s fed minutes and then chopped back lower, but it still ended with a gain of 0.22%.Silver slipped to $16.287 before it jumped up to $16.602, but it then fell back off into the close and ended with a loss of 0.36%.
Euro gold rose to about €1062, platinum lost $3 to $1171, and copper climbed 4 cents to about $2.62.
Gold and silver equities rose about 1.5% after the release of today’s fed minutes and remained near that level for the rest of the day.
The U.S. dollar erased notable early gains and treasuries jumped higher after the release of last month’s fed minutes showed that most officials are still worried about raising interest rates too soon.
The Dow, Nasdaq, and S&P traded mostly slightly lower on worries about the economy.
Among the big names making news in the market today were Uber, Sony, and JPMorgan.
Barrick’s (ABX) dividend, Franco-Nevada’s (FNV) dividend, Yamana’s (AUY) Dividend Reinvestment Plan, Sandstorm’s (SAND) agreement with Gold Royalties Corporation (GRO.V), and Hecla’s (HL) 2014 sales were among the big stories in the gold and silver mining industry making headlines today.
IAG +5.43% $2.33
EGO +5.41% $5.26
HL +5.02% $3.35
PVG -8.01% $6.09
ASM -2.48% $1.57
SVLC -2.36% $1.24
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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