Source: beforeitsnews
On Friday October 18, Gold was trading near one-week highs and headed for its best weekly gain in two months.
Spot gold rose 0.2 percent to US$1,321.66 an ounce by 0648 GMT, recording a near 4 percent gain for the week. .
Gold’s gains supported other precious metals, with Silver and Platinum headed for their best weekly performance in months.
Precious metals prices on Friday October 18, 2013, AT 0648 GMT.
| Metal | Last | Change | Pct chg | YTD pct chg |
|---|---|---|---|---|
| Spot Gold | 1321.66 | 2.57 | +0.19 | -21.07 |
| Spot Silver | 21.87 | 0.03 | +0.14 | -27.77 |
| Spot Platinum | 1437.74 | 7.84 | +0.55 | -6.34 |
| Spot Palladium | 738.47 | -0.03 | -0.00 | 6.72 |
In the week of October 14, Gold prices advanced 3.5 per cent and Silver a little under three percent, in the best performance for precious metal prices in two months. .
Based on this most investors are asking themselves, whether precious metals have now completed their two-year correction from the highs of 2011? .
