Morning Gold & Silver Market Report – 4/20/2011
GOLD SURPASSES $1500, WHILE SILVER HURDLES OVER $44 – The US dollar slipped against six major currencies and is trading at a 16 month low. This, along with continued concerns with inflationary pressures and the US and European debt problems,have propelled both gold and silver upwards.
Spain and Portugal are both auctioning bonds today. How well this auction goes will give us strong indications as to whether they will need even more support from the European Union.
The Libyan rebel leader is in Paris today meeting with the French President, Nicolas Sarkozy. Their efforts will focus on how to end this two-month conflict and bring a democratic transition to Libya.
At 8AM (CT) the APMEX precious metal prices were:
- Gold price - $1,503.10 (up $7.00)
- Silver price - $44.78 (up 80 cents)
- Platinum price - $1,806.10 (up $35.80)
- Palladium price - $760.00 (up $27.90)
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