Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Less Than 1% on the Week

Gold rose $3.81 to $1763.01 at about 4:30AM EST, but it then fell throughout most of the rest of trade and ended near its late session low of $1723.66 with a loss of 1.92%. Silver slipped to as low as $33.32 and ended with a loss of 1.98%.

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Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 4% and 5% on the Week

Gold fell $3.45 to $1716.35 in Asia, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1737.96 with a gain of 1.05%. Silver slipped down to $33.29 at about 9AM EST, but it then rose to as high as $33.94 in late morning New York trade and ended with a gain of 1.53%.

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 3% on the Week

Gold fell to as low as $1625.27 by about 10:30AM EST before it rebounded midday, but it still ended with a loss of 0.67%. Silver slipped to as low as $29.42 before it also bounced back higher, but it still ended with a loss of 1.63%.

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 3% and 5% on the Week

Gold climbed $35.34 to as high as $1581.14 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 1.12%. Silver surged to as high as $28.472 by late morning in New York, but it then fell back off into the close and ended with a loss of 0.65%.

Gold Seeker Closing Report: Gold and Silver Fall Over 2% and 5%

Gold fell to $1581.38 by about 5:30AM EST before it rebounded to $1592.77 at about 9AM EST, but it then fell throughout most of trade in New York and ended near its late session low of $1549.40 with a loss of 2.44%. Silver bumped back up to $28.79 in London before it also fell back off in New York and ended near its late session low of $26.849 with a loss of 5.72%.

Gold Seeker Closing Report: Gold and Silver Fall With Stocks and Euro

Gold rose $11.65 to $1608.55 by a little after 8AM EST before it fell back below $1590 by late morning in New York and then popped back up to $1599.59 by a little after 1PM EST, but it then fell back off again into the close and ended with a loss of 0.26%. Silver Slipped to as low as $28.588 and ended with a loss of 3.07%.

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Gold Market Update

Last week saw a severe breakdown in the Precious Metals sector that is now viewed as marking the start of a bearmarket, and that means the onset of a deflationary episode that is likely to prove more serious than that we witnessed in 2008, because it will involve countries going bust rather than "just" banks and large corporations as was the case in 2008.

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 7% and 8% on the Week

Gold rose over 2% to $1600.90 by a little before 8AM EST before it fell back to $1583.05 by midmorning in New York, but it then rallied back higher into the close and ended with a gain of 1.96%. Silver rose to as high as $29.92 before it slipped back to $29.285, but it still ended with a gain of 2.38%.

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