Gold, Silver, Metal Prices Commentary – April 30, 2010

Bullion update ... Rescue Dawn

Good Morning,

Gains in the euro to three-day highs did not manage to dissipate lingering concerns about the broader region’s debt problems and investors took refuge in the dollar as well as in gold despite rising hopes that a Greek bailout was very likely to see the light of day over the coming weekend. Gold prices touched a 2010 high at $1179 per ounce ahead of the opening of the New York trading session for Friday.

This morning’s economic news roundup from Europe showed that regional unemployment remained static at 10% while inflation rose one-tenth of one percent, to 1.5% in March. Two exceptions to note here: one is that Spain’s unemployment figure was far worse -double that of the regional number, the other that -at 1.5% annualized- the inflation number in the EU remains well below the ECB’s target of just under 2%.

Read the rest of Gold, Silver, Metal Prices Commentary - April 30, 2010 (938 words)

© Jon Nadler, Kitco Metals Inc. for Coin News, 2010. |
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