Gold prices edged over the $1,150 level, but we could well see some volatility over the coming days as we watch speeches come from Ben Bernanke, and Vice Chairman Kohn. Traders will be looking for further clues as to future interest rate policy in the US, which is more in focus now that Australia raised rates once again earlier in the week.

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Gold & Silver

Commodity

Level

Change

GOLD

$1,156.10

+$5.95

SILVER

$18.22

+$0.17

Market News

  • UK interest rates remained unchanged as expected. This stance is unlikely to change over the coming weeks as we near the May 6th election
  • The ECB kept interest rates on hold within the 16 state Eurozone nation yesterday as expected
  • Timothy Geithner concluded a meeting with the Chinese Vice Premier, and there may be follow up talks in late May

Major Economic News

TIME

MARKET DATA

 

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