Gold Finishes Up 2.93% for the Week, Silver Up 29% Since Jan. 1
Sally Turner | Feb 24, 2012 4:15pm EST | 1min:40sec
Gold prices fell today ... but the good news is that even with today's drop gold managed to end the week higher. In fact since Monday morning the yellow metal has climbed 2.93 percent.
The same goes for silver ... it fell today but for the week it's up 6.38 percent. Silver has been on a real tear lately. Today it briefly touched a four month high ... climbing past its 200-day moving average ... before settling back for a small loss. So far this year ... silver is up a whopping 29 percent.
One of the more unusual things about today's trading was the fact that gold did not follow the euro. Lately gold prices have been rising and falling with the euro zone's single currency. But not today. The euro rose and ... because investors were in a mood to take risks ... they moved into stocks and some industrial commodities ... all at the expense of gold.
The platinum group metals closed a bit lower today ... but like silver they've been on a run. Worries about supply problems in South Africa this week helped lift platinum to a five month high.
