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Gold Up On Euro Recovery

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Commodities pushed higher in overnight trading as the euro rallied against the dollar ahead of announcements from the European Central Bank and the Bank of England. 

In early trading gold was up $7.66 to $1,787.66 and silver was up $0.23 to $34.90, for a silver/gold ratio steady at 51.2. 

Gold had plenty of upside company as platinum, palladium, crude oil and copper all posted gains. 

While it may seem like a big jump in precious metals prices, these prices are fairly in line with currency moves.  Whether prices hold will depend on the plan the ECB puts on...

Related Tags: Euro Recovery