The yellow precious metal hit a record today above $1,200 an ounce as the green Benjamin lost momentum considerably throughout the currencies market since trader's appetite of risk returned and corroded accordingly the refuge appeal of the Federal currency due to mounting hopes caused by today's overall cheerful news concerning the housing sector, knowing of course that these two have an inverse strong unbreakable relation.

As a result, the present weak dollar and strength in gold lifted other precious metals to the upside, having in fact silver and palladium both reaching their strongest level since July 2008, and platinum hitting its highest since August of last year, while that the US stocks gained considerably within the midday.