Gold fell $8.30 to $1259.70 in Asia before it jumped up to $1279.00 in late morning New York trade and then drifted back lower in early afternoon action, but it still ended with a gain of 0.8%.Silver rose to as high as $17.571 and ended with a gain of 1.21%.
Euro gold rose to about €1133, platinum gained $19 to $950, and copper dropped a penny to about $2.58.
Gold and silver equities rose roughly 1% at the open before they fell back to unchanged at about 2PM EST, but they then bounced back higher into the close and ended with modest gains.
Oil fell 1.5% “on worries that U.S. President Donald Trump's decision to withdraw from an international climate accord will spur further domestic production and contribute to a persistent global oversupply.”
The U.S. dollar index fell and treasuries rose on this morning’s disappointing jobs data.
The Dow, Nasdaq, and S&P rose to new record highs on thoughts that today’s data is still strong enough to warrant a rate hike at the fed’s meeting in two weeks.
Among the big names making news in the market Friday were Wal-Mart, Tesla, Exxon, and Spotify.
Royal Gold’s (RGLD) resource estimate, Primero’s (PPP) operations update, and First Majestic’s (AG) resumed operations in Mexico were among the big stories in the gold and silver mining industry making headlines Friday.
ALO +5.02% $4.81
ASM +4.86% $1.51
GSV +4.27% $1.71
XRA -2.43% $1.60
TGB -1.96% $1.25
TRQ -1.56% $2.52
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
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