By: Chris Mullen, Gold-Seeker.com
--Posted Monday, 3 December 2012 | | Source: GoldSeek.com
Close
|
Gain/Loss
| |
Gold
|
$1715.20
|
+$2.00
|
Silver
|
$33.59
|
+$0.22
|
XAU
|
166.85
|
-1.97%
|
HUI
|
439.84
|
-2.33%
|
GDM
|
1281.06
|
-2.23%
|
JSE Gold
|
2300.48
|
-74.08
|
USD
|
79.90
|
-0.23
|
Euro
|
130.53
|
+0.65
|
Yen
|
121.60
|
+0.34
|
Oil
|
$89.09
|
+$0.18
|
10-Year
|
1.628%
|
+0.022
|
T-Bond
|
151.0625
|
-0.34375
|
Dow
|
12965.60
|
-0.46%
|
Nasdaq
|
3002.19
|
-0.27%
|
S&P
|
1409.46
|
-0.47%
|
The Metals:
Gold
dropped back to $1712.80 by a little after 9AM EST before it jumped to
as high as $1721.60 in the next hour of trade and then chopped back
lower midday, but it still ended with a gain of 0.12%. Silver
slipped to $33.38 before it rose to as high as $33.821 and then also
fell back off, but it still ended with a gain of 0.66%.
Euro gold fell to about €1314, platinum gained $10.50 to $1606, and copper rose slightly to about $3.63.
Gold and silver equities drifted lower throughout most of trade and ended with about 2% losses.
The Economy:
Report
|
For
|
Reading
|
Expected
|
Previous
|
ISM Index
|
Nov
|
49.5
|
51.2
|
51.7
|
Construction Spending
|
Oct
|
1.4%
|
0.4%
|
0.5%
|
There are no major economic reports due out tomorrow.
Republicans offer tax revenue in cliff plan MarketWatch
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose along with the Dow, Nasdaq, and S&P in early trade as the U.S. dollar index and treasuries fell after Spain formally asked for European funds to recapitalize its banking sector. Stronger than expected Chinese manufacturing data and a buyback offer by Greece
also supported those moves, but persistent worries about the fiscal
cliff dragged stocks back lower midday and the major indices ended with
decent losses on the day.
Among the big names making news in the market today were Dell, News Corp., Ford, Chrysler, and UBS.
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