November 25, 2011, Los Angeles - Gold bullion prices rose in light trading 0.18 percent or $3.00 to close at $1,694.50 an ounce on Thursday, as France and Germany agreed to halt bickering in public over whether the European Central Bank (ECB) should do more to rescue the eurozone from its widening debt crisis. The price of Silver advanced 0.38 percent or $0.12 to close at $31.80 an ounce while the Gold/Silver ratio, the number of ounces of Silver it takes to buy one ounce of Gold, edged down to 53.29 as Silver outperformed Gold.
Concerns over the Eurozone debt crisis has investors seeking comfort in safe havens like commodities. Asset classes like gold continue to take direction from which way the dollar swings. Crude oil prices continue to trade with a positive.... Read More Here
E.U. what's more, IMF authorities have given eurozone governments a positive evaluation of Greece's solicitation for another bailout, a source near to the matter said, making it likely they will concur on Saturday to open chats on loaning Athens many billions of extra euros.