Stocks took a tumble throughout the last trading session in the U.S. this week.
Precious metals gold and silver rallied on the overwhelming fears investors
processed relating to the skyrocketing oil prices. The majority of the precious
metal tracking board ended the day in the green as Gold, Silver and Platinum all
ended in positive territory for the day. April gold ended the last session ahead
by 13.50. May silver ended the last session higher by 1.96 and April Platinum
ended higher by 4.90. Precious metals benefited from the sharp stock fall that
took place on Friday. Oil prices bumped up to more than $104 per barrel and had
spiked even higher at one point during the trading week. Anxieties set in for
investors as they contemplated the negative ramifications of the higher energy
cost to the recovering economy. Safe haven asset popularity grew stronger as
these fears became more global. Gold futures went on the rise. Current spot gold
and spot silver trends continue to move in positive territory. Spot Silver per
ounce moved higher by 1.18 at 35.49. Spot Silver per kilo moved higher by 37.97
at 1141.16. Spot gold per gram moved higher by .38 at 45.91. Spot Gold per Kilo
moved higher by 382.59 at 45908. Precious metal safe haven assets are on the
rise once again. Author: Camillo Zucari
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