Before today, silver jumped 26 percent this year, and gold was 18 percent better than global equities, treasuries, and most industrial metals. Today, the dollar fell to its lowest level since February against a basket of six major currencies as the Federal Reserve keeps borrowing costs low and closer to the monetary policy easing to strengthen the U.S. economy.
Gold and silver daily review (February 18, 2011)
Precious Metals ended higher yesterday as U.S. consumer price data stoked worries over inflation, adding fuel to safe-haven buying due to flaring Middle East tensions. Silver reached multi-year highs being the outperformer in metals. Read More....
Silver Jumps to 30-year high, gold rises to record
Silver futures for December delivery rose 18.7 cents, or 0.9 percent, to $ 21.40 an ounce at 10:44 am on the Comex in New York. Earlier, the price reached $ 21.48 per ounce, the highest level for a most active contract since October 1980.Read More....
Gold and silver on the rise again
The spot price of gold and silver hit major milestones last week and seem poised to continue their rally this week. Gold hit its higest price in more than 30 days and silver hit a new 30-year high. Read More....
No comments:
Post a Comment