Gold and Silver Report Thursday 5th November 2009

05 November 2009 @ 09:29 am EDT

Gold continued its rally yesterday reaching $1097.60/oz, a record high for the second day in a row. The advance was supported by a lower US dollar and possible the speculation that following India other central banks might be ready to purchase gold from the International Monetary Fund. Silver followed gold higher finishing 24 cents up at $17.437/oz remaining above all moving averages.

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