Gold closed slightly higher at $995.30/oz, well on course to convincingly break and hold above the $1000.00 level with bulls admitting it is not going to be easy. In early trading the yellow metal moved lower pressured by long investors who continued to take profit. However gold eventually recovered as higher equity markets and a weaker US dollar which posted another fresh low for 2009 came to its rescue. On the other hand silver displayed a much stronger rally as its peak from last year at $21.340/oz is well above the current price compared to gold which is within distance of its last year record of $1033.

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Gold & Silver

METAL

LEVEL

CHANGE

GOLD

995.30

(+1.4)

SILVER

16.640

(+0.26)

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