Bullion & Business Weekend Report – May 30
May 30, 2009 by goldguru · Leave a Comment
Markets were on fire this week and month. In terms of monthly heights, silver streaked ahead in New York to post its biggest monthly gain since April 1987, rising 27 percent. Gold rallied as well, advancing 9.8 percent. In black gold, crude-oil recorded its best monthly gain in 10 years. U.S. stocks made noise too, rising for three straight months.
For the week in London, gold rose 1.6 percent, silver soared 5.9 percent, and platinum jumped 2.3 percent. Precious metal spot figures follow:
London silver closed Friday to $15.52 an ounce, soaring 86 cents this week and an impressive $2.89 for the month.
London gold was fixed at $975.50 an ounce, rising $15.75 for the week while gaining $92.25 in May.
London platinum advanced to $1,175.00 an ounce, rising $26.00 on the week and increasing $82.00 for the month.
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