01 February 2009

Gold Price up, Silver Price up, as Inflationary worries stoke Precious Metals

Gold up $25, Silver up 48c

Gold was boosted $25 and Silver just shy of 50 cents on Monday as the DOW rose over 1% as President Obama offered up a 3.8-trillion-dollar government budget for 2011.

This event in itself should have come as no surprise to the market, but coupled with a Strong US manufacturing reading stoking inflationary fears, Gold Bulls had one of their best days since August 2009.

Interest in BullionSupermarket listed Precious Metal items was also strong with Gold Traffic outstripping Silver by 3:1


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