Thursday, March 8, 2012

Gold and Silver Continued Their Rally–Recap March 8th

Gold and silver prices continued their rally as they have risen in the past
couple of days. Crude oil also trade up yesterday; on the other hand, natural
gas prices continued their decline. The Euro sharply appreciated again against
the US Dollar as ECB left the rate unchanged at 1% and U.S. jobless claims
slightly rose to 362k. Here is a summary of the developments of precious metals
and energy commodities for March 8th, 2012: Precious Metals: Gold price
increased on Thursday by 0.88% to $1,698.7; Silver price also rose by 0.73% and
reached $33.83. During March, gold decreased by 0.7% and silver by 2.34%.

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