5
April
Gold gains, silver up 2% on inflation fears (GC in Marketwatch)
5 April 2011 MarketWatch
Gold futures edged higher and silver soared 2% Monday as oil prices at 30-month highs stoked fears of inflation and helped fuel investment demand for the precious metals.
...
The week is likely to include focus on interest rates, “with the [European Central Bank] likely to increase interest rates, and renewed speculation as to whether the Federal Reserve will attempt to increase interest rates or embark on” a third round of quantitative easing, wrote analysts at GoldCore in a note to clients.
And “rising interest rates will be bullish for gold and silver as they were in the 1970s,” they said.
http://www.marketwatch.com/story/gold-silver-futures-trade-higher-2011-04-04
