Gold & Silverbeta

December 11, 2012
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The definitive group for discussing all things related to the precious metals

A resourceful community for those who hold, plan to purchase, or are helplessly infatuated with gold & silver

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davefairtex
By davefairtex on Tue, Nov 25, 2014 - 7:28pm

PM Daily Market Commentary - 11/25/2014

Gold rose +2.90 to 1200.60 on heavy volume, and silver rose +0.26 to 16.70 also on heavy volume.  Gold was hit for a $13 spike lower at 0830 after a revised 3Q GDP number came out that was unexpectedly high: a 3.9% growth rate vs a 3.5% estimate previously.  However, gold soon rallied back, and ended up closing near its highs for the day.  Silver did even better, spending its entire trading day in positive territory, and it too closed near the highs.  Silver also made a new cycle high as well.

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