Gold and silver both moved higher as of end of last session close. Gold was
higher by 5.90 or .4 percent and silver was higher by .54 or 1.5 percent. April
gold finished the day at 1434.10 and May silver finished at 35.86. Gold
popularity is gaining and interest is more than fleeting. Gold is considered a
more stable form of investment as currencies skew back and forth and struggle to
hold value in the volatile worldwide economic climate. Precious metal gold is
the safe haven asset that many are turning to now. It is the currency
consistency in gold that has trend lines pushing forward in the current climate.
Yesterday, the Dow and S&P 500 dropped in a parallel fashion across the tracking
board. This morning however, stock futures may lead to a different end result
this day as they were fighting this off prior to opening bell this morning. Gold
is maintaining stability over time. International and Middle east tensions are
causing anxieties to fester and inflation potentials to become more tangible.
Oil is skyrocketing and the investment strategy at the moment is one of
diversification. This diversification includes gold. Spot gold per gram and kilo
was tracking in the green this morning. Gold bullion is holding value. The 1
ounce American eagle coin is trading at 1489.4. The 1 ounce Krugerrand is
trading at 1485.8 and the 1 ounce Maple is trading at 1489.4. Author: Camillo
Zucari
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