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Commodities Briefing - Categorized | ETFs / ETCs, Market Moves more

Precious metals records as ETF buys ‘noticeable by absence’

Posted on 25 March 2011

Gold hit its second new record high on the trot at the London Gold Fix on Thursday morning, hitting $1441.25 per ounce for US investors as the dollar held flat on the forex market, and US crude oil rose.
New York’s stock markets opened the day 0.5% higher. Silver bullion jumped to fresh 31-year highs above $37.85 per ounce. The ratio of gold to silver prices “is now convincingly through the 1998 weekly low” notes the London dealing team at Japanese conglomerate Mitsui……………………………………….Full Article: Source

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