Crude Oil Insights Crude Price Outlook, Uncategorized Gold and Silver Price Update. News About Good Economic Growth Leads Investors to Seek Riskier Investments

Gold and Silver Price Update. News About Good Economic Growth Leads Investors to Seek Riskier Investments

 

Gold and silver prices fell on Friday, the 25th of March 2011, following revelations about a positive response of the US Economy which led to investors seeking riskier investments. Spot gold was at USD $ 1427.60 an ounce, slightly decreasing by 0.61 percent from its price on Thursday. The news about the US economy growing by 3.1 percent in the fourth quarter of 2010 rather than at its previous estimate of 2.8 percent encouraged investors to feel more comfortable in holding riskier assets, hence leading to a fall in the prices of gold and silver. Silver future fell by 0.87 percent to USD $ 37.049 an ounce.

 

Author: Jawwad