The dollar fell versus the euro during yesterdays trading session and precious
metal gold and silver prices moved higher. It was an up and down week in the
market with index composites and precious metal rates drifting on either side of
break even but ultimately closing the last session of the week in the green.
Gold futures for April delivery rose higher yesterday by $11.90 or .8 percent to
finished the day at 1416.10 per ounce. After hours trending revealed the spot
gold and spot silver prices were moving in a positive direction. Gold and silver
prices continue to trend in a positive direction this morning. Spot silver per
kilo is moving higher by 32.05 at 1133.54 and spot silver per ounce is higher by
1.00 at 35.26. Spot gold per gram is higher by .45 at 45.59 and spot gold per
kilo is higher by 451.40 at 45591.04. The average price range of the American
Gold Eagle Bullion Coins is posting between 1460.58 through 1532.84. The
Canadian Gold Maple is posting an average range of 1463.30 through 1532.84. Safe
haven assets are likely to move in a positive direction over the weekend and
into the beginning of the upcoming trading week. Political unrest and violence
in Libya will push anxieties higher and investors will gravitate more towards
the safe haven appeal of precious metals. Author: Camillo Zucari
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