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Gold and Silver News

For many investors, following the gold and silver news is an important part of their day. Precious metals, including gold, silver, platinum and palladium more are volatile and can carry both risk and reward with changes in their prices. After a drop off in mid-January, gold and silver are showing signs of a rebound and watching the strength of the dollar and crude oil price to signal a possible jump in prices.

After reaching its all-time high in late November 2009, gold prices have fallen about $125 per ounce, due largely to price correcting, sell off and a mild strengthening of the dollar. Silver and other metals also followed suit, leaving unanswered questions about precious metal prices going into the New Year.

After a stagnant start to 2010, gold and silver looked poised to make a move. According to some economists, the longer Wall Street stays flat, the more likely that gold and silver will make a run. Other economic factors seem to back up that sentiment as crude oil futures appear to be ready for an adjustment and the winter-induced pressure from the energy sector is likely to impact the strength of the dollar due to a colder than normal December and January.

Many analysts see the malaise gold and silver prices have endured for the past two months as a correction with a rebound likely to follow. With some calling for gold prices to rise above the $1,300 per ounce barrier in 2010, this would mean that the long-anticipated recovery in the US economy would have to be delayed and other factors such as continued demand for precious metals and the lack of significant new discoveries would be needed to keep demand well ahead of supply.

To date, all of the factors remain in place which suggests that metals can continue their decade-long climb in 2010. Gold and silver news will continue to follow the trends and look for price movement in these important metals.

Shannon King

Senior Staff Writer – GoldSilver.org

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