Daily Gold Update

Source: Dr. Bill Musgrave, American Gold Exchange

Austin— Gold finished virtually unchanged, edging down 20 cents, after President Obama called on Congress to delay a vote on military action against Syria. In a prime-time address to the nation last night, Obama signaled hope for a diplomatic solution to the brewing Middle East crisis, perhaps via Russia's surprise proposal to broker an agreement in which Syria surrenders its chemical weapons to an international coalition. With an U.S. air strike appearing less likely, safe-haven demand for gold slipped and risk appetite grew, driving the Dow to a third straight session of triple-digit gains. Silver added 0.7%, rebounding slightly from yesterday's 3% loss, while platinum finished marginally lower and palladium dropped 0.2%

At the Comex close: December gold slipped 20 to $1,363.80; December silver added 16 cents, to $23.1; October platinum slipped 60 cents to $1,473.50; and December palladium fell $1.45 to $691.20 an ounce.