GOLD PRICES

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Commodities Panic Subsides, Indians Rush to Buy Gold, Chinese Buy Silver on 31% Dip

Silver Bullion rallied from a drop below $34 per ounce, the fifth daily plunge running and some 31% below last Thursday's new three-decade high. Dollar prices to Buy Gold whipped in a $10 range Friday morning in London, trading up to $1488 per ounce - some 5.5% below Monday's record-high spike- as European equities and global commodities stemmed their losses.
Gold bars and US Dollar bills

Is gold rising because America is broke?

Gold prices shot up to a new record of $1,512.50 an ounce in New York late on Friday, posting a record weekly gain and maintaining a six-week winning streak. What the gold rally means to the dollar and the American people is obvious from the rush pawn shops see across the United States.
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So What Is Silver Shouting About?

The CURRENT SURGE in silver prices worldwide might seem dramatic, but it's more measured - so far, at least - than the true silver bubble that went Bang! in Jan. 1980. Even so, you might as well call this a record price.
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Gold spikes to new record just $5 short of $1500 per ounce

Gold stayed above $1480 per ounce in Asian and European trading, and then experienced a sudden spike $15 upwards to new record prices yet again at the beginning of the New York trading session. Prices take support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.
Gold bars are displayed at a branch of Mitsubishi Materials Corporation in Tokyo

Gold To Hit $1600/Oz By end of 2011: GFMS

Price of gold will exceed $1600 a troy ounce before year-end on strong growth in investment demand, according to the precious metals research consultancy firm GFMS.
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World Market Overview 04/11/2011

U.S. stocks fell modestly Friday as investors exercised caution ahead of the potential shutdown of the federal government and the start of U.S. companies' first-quarter earnings reports.

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