Here's an article that came out today on gold:
http://www.reuters.com/article/marketsNews/idAFN2046459120090420?rpc=44
US gold rises on safe-haven flow, credit fears
NEW YORK, April 20 (Reuters) - U.S. gold futures rose
nearly 2 percent on Monday as safe-haven demand related to
renewed credit worries more than offset lower investment
interest in gold exchange-traded funds.
For the latest detailed report, click on [GOL/].
GOLD
* Gold for June delivery GCM9 rose $14.30, or 1.7
percent, at $882.20 an ounce at 10:19 a.m. EDT (1419 GMT) on
the COMEX division of the New York Mercantile Exchange.
* Ranged from $865.60 to $884.70.
* June futures jumped as U.S. stocks broadly dropped more
than 2 percent, stirred by worries that problems would persist
for the struggling banking sector.
* U.S. financial shares were heavily sold on Monday, as
Bank of America (BAC.N) posted a big increase in troubled
loans, and its CEO said "credit quality will get worse before
it will eventually stabilize and improve."
* Gold supported as financial fears returned, but a
stronger dollar kept the metal from rising further - George
Gero, vice president of RBC Capital Markets Global Futures.
* Bullion prices may rise this week because of Akshaya
Tritya festival, India's gold-buying festival, on April 27 -
analysts.
* The futures market largely ignored news that the SPDR
Gold Trust ETF GLD saw its largest two-day outflow since
early September last week, with its total holdings falling for
a second day on Friday. [GOL/SPDR]
* Noncommercial net long positions rose 2,083 to 129,895
lots, while open interest fell 2.3 percent to 336,930 contracts
in the week up to April 14 - CFTC report.
* Gold also rose in spite of a more than 7 percent decline
in crude oil prices on worsening economic outlook.
* Gold/oil ratio at 18.8 on Monday, compared with 17.3 in
the previous session.
* Spot gold <XAU=> traded at $880.75 an ounce, up 1.5
percent from its late Friday quote in New York.
* The London afternoon gold fix <XAUFIX=> was $877.00 an
ounce.
SILVER
* COMEX May silver SIK9 climbed 31.0 cents, or 2.7
percent, to $12.100 an ounce, following gold's gains.
* Ranged between $11.725 and $12.165.
* Spot silver <XAG=> was at $12.11 an ounce, up 2.3 percent
from its previous finish.
* The London silver fix <XAGFIX=> at $12.060 an ounce.
PLATINUM
* NYMEX July platinum PLN9 fell $27.10, or 2.2 percent,
to $1,184.50 an ounce on worries about the global economy
because of a still battered banking system.
* Spot platinum <XPT=> at $1,176.00 an ounce, down 2.4
percent from its late Friday quote.
PALLADIUM
* June palladium PAM9 dropped $1.75 to $231.80 an ounce
in sympathy with platinum's decline.
* Spot palladium <XPD=> was at $227.50 an ounce, off 1.7
percent from its previous finish.
(Reporting by Frank Tang; Editing by Lisa Shumaker)
I am not qualified to give anyone any financial advice. If you listen to me you are crazier than I am! Invest at your own risk.
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