Gold gained $8.80 to $1297.50 in London and climbed to as high as $1300.00 in early New York trade before it fell all of the way back $1284.80 just after midday, but it then bounced back higher into the close and ended with a loss of just 0.18%.Silver rose to as high as $17.296 and ended with a loss of 0.12%.
Euro gold fell back under €1094, platinum gained $5 to $978, and copper climbed 3 cents to about $2.94.
Gold and silver equities climbed roughly 2% higher at the open before they fell to see slight losses in early afternoon trade and then stabilized, but they still ended modestly lower on the day.
Next week’s economic highlights include the FHFA House Price Index on Tuesday, New Home Sales on Wednesday, Initial Jobless Claims and Existing Home Sales on Thursday, and Durable Goods Orders and Fed Chair Yellen’s speech in Jackson Hole on Friday.
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