Gold, Silver Prices news may 10 2011

Gold, Silver Prices news may 10 2011 : Silver prices rebounded from last week’s hefty losses to gain more than 5 per cent yesterday, touching a session high at $37.39 an ounce. Oil prices also rose 3 per cent to just above $100 a barrel, while gold climbed back above $1,500 an ounce. Silver prices dived 25 per cent last week.

Gold, Silver Prices news may 10 2011

Energy and natural resource stocks push up indices higher
Buoyed by energy and natural resources plays, US stocks were pushed higher for second straight session on Monday, 09 May 2011. Stocks made a slow start earlier in the morning following another downgrade of Greece's debt rating. But stocks picked up momentum in the course of the day as the dollar lost steam and the commodities spiked up. Read More...

Gas price run-up takes respite
Analyst opinions diverge about whether retail fuel costs, averaging $3.965 nationwide and $4.254 in California for the seven-day period ended Monday, will resume rising or begin to decline. Read More...

Gold Trade Is Only Winner in Inflation Attack: William Pesek
Vietnam’s $102 billion economy is just one example of an epic inflation fight that Asia might lose if central banks don’t act more aggressively. Rather than yanking away the proverbial punchbowl, they are keeping the monetary taps open for too long and imperiling Asia’s outlook. Asia needs less talking about these risks, and more doing. Read More...

Is gold better bet than silver? Expert answers
Gold should hedge somewhere near USD 1520 per ounce. About USD 10-12 upside is expected and USD 1503-1505 per ounce should be a buying level. Around USD 1498-1497 per ounce can be a stop loss. Gold will outperform silver because it has not fallen the Read More...

Digging for value in gold, silver, commodities
Gold and silver have lost some luster with investors; the price of oil and other natural resources is lower, and speculation in many agriculture sectors has dried up. So why are three veteran money managers who can put money anywhere still holding on to commodities? Read More...

Silver, Gold Advance as Investors Return After Last Week’s Commodity Rout
Gold and silver may regain strength as traders perceive last week’s commodities washout to be excessive and it isn’t viewed as a trend reversal,” said Park Jong Beom, Seoul-based trader with Tongyang Futures Co. “There’s no change in the outlook for a weaker dollar as well.” Read More...

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