Friday, March 31, 2006

Gold for June Delivery Takes a Minor Tumble

Sources at MarketWatch report that,"June gold fell $3.30 to $588.50 an ounce," as of March 31st, 2006. The reason one might ask? Quite simply it can be linked to the fact that, "Strength in the U.S. dollar eased some investment demand for the precious metal after gold touched a fresh 25-year high of $594.60 overnight."

On the other hand, May silver was reported to have gone down 8 cents at $11.58 an ounce, following on the heels of a 22-year high. As many were predicting, once the ETF had been approved, the price of silver may just be levelling for the near term period.
Post a Comment