Gold Seeker Closing Report: Gold and Silver Gain About 1%

By: Chris Mullen, Gold-Seeker.com Gold rose over 1% to $968.50 by late trade in Asia before it dropped back near unchanged at $957.92 by a little before 10AM EST in , but it then rallied back higher into the close and ended with a gain of 0.69%. Silver held nicely higher throughout most of world trade and ended near its high of $18.47 with a gain of 1.3%. Gold and silver equities steadily rose for most of trade and ended with over 2% gains. There are no major economic reports due out tomorrow. Charts Courtesy of http://finance.yahoo.com/ Oil rose for the first session in five on worries that Tropical Storm Dolly may turn into a hurricane and disrupt operations in the over the weekend that ended in deadlock also raised some concern. The U.S. dollar index fell and treasuries rose on worries over the health of banks and other... [read full story]