Gold Eagle
Silver Eagle

Precious Metals Soar, Gold gains 9%

Posted by Rob | September 17, 2008 .

Gold gained 9%, while silver jumped an astounding 15% in a single day – these are the largest single day gains in literally decades.  Gold closed at a solid $862.90, while silver skipped $11 to close at $12.06.  That’s up a buck sixty one in one trading day.  Take a look at the numbers:

  • Gold: $862.90 , up $85
  • Silver: $12.06, up $1.61
  • Platinum: $1119, up $80
  • Palladium: $242, up $19

    Looks like all that bankruptcy / government bailout news finally hit the metals market.  Yesterday was a pretty fantastic buying opportunity, after all.  We may all be kicking ourselves soon, if tomorrow is anything like today.

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