29
April
Silver, gold near lifetime highs, dollar loses ground
29 April 2011 Reuters
ilver and gold were within sight of historic highs on Friday and could resume an uptrend as the U.S. dollar held near three-year lows against a basket of currencies on hopes U.S. monetary policy would stay ultra-loose, keeping inflationary price pressures high.
A fresh batch of U.S. economic data in the form of rising claims for jobless benefits failed to rescue the dollar, which had dropped to its weakest level since July 2008 against other currencies before recovering slightly.
http://af.reuters.com/article/commoditiesNews/idAFL3E7FT0F620110429
