- Wall Street opens lower after S&P's record close[Reuters] - U.S. stocks were set to open slightly lower on Monday, on the heels of a record high for the S&P 500, following unexpectedly weak data in China which tempered enthusiasm over the strength of the global economy. China's exports unexpectedly tumbled 18.1 percent in February, against expectations for a 6.8 percent rise, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy, despite the Lunar New Year holidays being blamed for the slide. Freeport McMoRan Copper & Gold (FCX) lost 1.4 percent to $31.74 in premarket trade as concerns over China sent London copper to an eight-month low.(10 Mar 2014 13:33:58)
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- Final Glance: Silver companies[AP] - Shares of some top silver companies were up at the close of trading: Hecla Mining Co. rose $.07 or 2.3 percent, to $3.13. Pan American Silver Corp. rose $.35 or 2.7 percent, to $13.15. Silver Standard ...(07 Mar 2014 23:02:35)
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The Philadelphia Gold and Silver Index is one of the most important gold indices, focusing on the 16 largest gold and precious metals mining companies traded in the US. Gold prices are important to the global economics as they are a hedge against inflation – forcing gold prices to rise strongly when inflation is high and overall risk appetite is high too.
See the XAU Philadelphia Gold and Silver Index heat map and overall gold sector heat map today.