Daily Gold and Silver Report - Nov 18, 2009

18 November 2009 @ 06:15 am EDT

The price of gold moved further north as the dollar’s decline continued. Whilst the Fed continues to reiterate that Interest rates will remain low, investors appear willing to buy in the precious metal. We are still looking to breach the $1,150 level

Gold & Silver

METAL LEVEL CHANGE
GOLD $1,145.80 +$5.50
SILVER $18.59 +$0.16

Market News

  • The IMF announced that they sold 2 tonnes of gold to the central bank of Mauritius on November 11th

  • The US Dollar Index fell back 0.4% to 75.097

  • CPI data is due for release at 1330

Major Economic News

TIME MARKET DATA
1330 US CPI

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