Gold and silver moved higher last Friday on the back of a weaker US dollar, stronger equities markets and better than expected economic data in the US showing July existing home sales jumping 7.2% the highest level in more than two years. Ongoing concerns about the cost of government programs especially with president Obama pushing for health care reform, possible accentuated the upward move as gold has always been viewed as a safe heaven in time of uncertainty. In addition many analysts cited stronger crude oil as another bullish influence.

Gold & Silver
METAL    LEVEL    CHANGE
GOLD     953.15    (+12.7)
SILVER   14.150    (+0.243)

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