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Precious metals monitor: Gold on upswing as debt fears overshadow rallying dollar

Posted on 25 May 2011

While neither side can claim victory yet, the battle between bulls and bears raging in the precious metals market has shifted notably in favor of the former. Key support levels continued to hold last week, while renewed sovereign debt worries acted as a fear-based catalyst to support the sector.
Importantly, gold and silver were able to rally, despite a surge in the U.S. dollar and declines in other commodity markets. But their performance hasn’t been even. Gold continues to outperform silver, as investors liquidated proportionally more of their positions in the white metal last week……………………………………….Full Article: Source


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