Tuesday, April 19, 2011

SILVER $44.02 GOLD $1496.80

Silver was quoted at $43.11 an ounce against $42.99, having earlier touched a new 31-year high at $44.02 an ounce. Silver has been the best-performing precious metal so far this year, up 40 percent since January.

Spot Gold prices rallied toward record highs approaching the $1,500 an ounce mark today amidst inflation concerns in China the dollar decline, rising crude oil prices unrest in the middle east , worries about sovereign debt problems in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9 At the New York market.While In London, prices are stable at $1493.9 .Gold is still far below its all-time inflation-adjusted high, estimated at almost $2,500 an ounce, Many experts see Gold hitting the $2000 mark before the end of this year

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