Gold/Silver Roundup 10/07/2013

Gold opened near $1314/oz, spiking to nearly $1326 by midday before dipping slightly to $1322/oz by the end of the day. Continued gridlock in Congress a likely culprit for the increase. I also think reports released by the World Bank which lower China’s 2013 growth outlook from 8.3% to 7.5% have played a role.

Live 24 hours gold chart [Kitco Inc.]

Silver opened near $21.70/oz before spiking to over $22.29/oz and remaining steady for the remainder of the afternoon.

Live 24 hours silver chart [ Kitco Inc. ]

(source: www.kitco.com)

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