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 Gold and Silver Both Ended the Week Slightly Higher reports Pan American Metals of Miami- Gold and Silver Both Ended the Week Slightly Higher reports Pan American Metals of Miami
- November 20, 2011
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Gold and silver both rose slightly Friday, based on a weaker dollar and some buying from bargain hunters.
MIAMI, FL - Italian debt yields fell slightly as the ECB bought bonds but they remained at a level that makes that country's debt repayments unsustainable.
A weaker dollar makes gold more affordable for buyers in other currencies but fear of debt contagion continues to make investors nervous. If the European crisis were to worsen, gold could well regain its safe-haven status and prices would soar. Silver should also rebound. The recovery shown Friday by gold and silver followed a week of shar...
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