January 22: Gold Gains While Stocks Drop

Gold dipped $3.80 to $1276.90 in holiday thinned trade yesterday before it bounced back to $1284.90 in Asia today and then dropped back under unchanged in late morning New York action, but it then climbed to a new session high of $1285.40 near the close and ended with a gain of 0.3%. Silver rose to as high as $15.348 and ended unchanged on the day.