Daily Gold Update

Source: Dana Samuelson, American Gold Exchange

Austin— Precious metals closed the New York session and the week in rather quiet and uneventful trading following yesterday�s sharp rallies in all metals. Profit taking eased the gold and silver prices modestly lower, while reports of stronger economic activity out of China helped to buoy platinum and palladium. In early morning trading the U.S. dollar index fell to its lowest level since early February, before rebounding modestly.

All in all gold gained nearly 4% during the week that saw the first U.S. government shutdown since 1995 end and the U.S. Congress kick the can several months into the future. We will be back to business as usual next week when the U.S. government renews the issuance of its various economic activity reports which have remained dormant during the recent government 16-day shutdown.

At the Comex close: December gold fell $8.40 or 0.6% to $1314.30; December silver fell 3 cents to $21.91; January platinum gained $2.90 to $1,437.80 and December palladium gained $2.85 to $740.65.