silver

During today’s trading session the gold has gained 0.5% to $1,500.10 an ounce, price for June gold also increased by 0.4 % to $1,498.20.  

Silver prices also went up and traded at $35.270 an ounce which is 1% more, as for the cash silver it gained 0.8 % and was traded at $35.285. 

Gold and silver took a steady pace on Thursday as a weaker dollar and growing oil prices further drove investors’ sentiment.

The dollar dropped as much as 0.4 percent against a basket of currencies, boosting buying interest in dollar-denominated commodities, while higher oil prices stoked inflation worries, increasing gold's appeal as a safe-haven investment.

Spot gold was little changed at $1,494.86 an ounce by 0617 GMT, below the 30-day average at $1,499.67. U.S. gold GCcv1 was nearly flat at $1,494.70.

On Tuesday precious metals gold and silver moved higher driven by light physical buying in Asia as investors scrutinize the currency market for direction.

The euro held steady above a seven-week low hit on Monday after euro zone finance ministers approved a three-year, 78-billion euro emergency loan program for Portugal, easing worries over the region's sovereign debt crisis.

"People don't have a clear idea where things will go from here, and are following the euro closely," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

Gold lose its early gains and traded nearly flat on Friday as the US dollar surged up and expectations mounted that U.S. inflationary pressures eased in April.

Silver was also stationary after bouncing off a sharp fall overnight that shaved nearly 3 percent off the price at one point.

Headline consumer price index data out later on Friday is expected to show a more subdued rise of 0.4 percent versus 0.5 percent in March, according to a Reuters poll , reducing gold's appeal among investors seeking an inflation hedge.

During Thursday session spot silver declined by 2.6% while gold also dropped lower as worries about economic growth and the end of easy monetary policy crushed early gains.

A broad-based sell-off in commodities that has seen major losses last Thursday and again on Wednesday has pulled silver down nearly a third from a record high hit just two weeks ago, with gold off 5.4 percent from the record hit at the start of the month.

In early Asian deals on Friday precious metals regained from their previous session lows.

At 0215 GMT, spot gold was up nearly 1% from its late New York level, rising $14.20 to $1,487.30 a troy ounce. Silver, whose 27% fall since last week has been the most severe since at least the mid-1990s, added 84 cents to $35.50/oz.

At the precious metal markets silver regained its losses from the previous sessions and gold also moved higher supported by a dollar near 2-1/2-year lows as investors await the outcome of a two-day meeting of the U.S. Federal Reserve for clues to monetary policy.

Spot gold gained 0.5 percent to $1,508.96 an ounce by 0033 GMT.

U.S. gold futures GCv1 edged up 0.4 percent to $1,510.

Spot silver rebounded 1 percent to $45.96, after posting a 3 percent decline on Tuesday, its largest daily loss in six weeks.

Gold reached a new record this Friday during Asian trading session and traded at $1,466.60 a troy ounce, and silver hit $40 an ounce for the first time since 1980. 

The coming meeting of the ECB has influenced not only the euro but gold as well. Gold fell 0.4% to $1,454.35 an ounce at 2:25 p.m. in Singapore, after striking a record of $1,461.91 on Wednesday. Volatility index of gold lowered more than 2% on Wednesday. 

Gold kept its level within $15 of record highs while silver reached a 31-year peak on Tuesday as euro zone debt concerns and elevated oil prices linked to violence in the Middle East region supported interest in precious metals.

While gold seemed to move back towards its March record of $1,447.40 an ounce as traders took to the sidelines ahead of a key European Central Bank rates decision on Thursday, but prices remained firmly underpinned.

Thursday in Singapore, bullion prices edged lower, but flat within sight of a record high as it headed for an eighth straight quarterly gain, with prospects for a weaker dollar in focus on possible further US monetary easing.

Spot gold lost 60 cents slipping to $1,308.15 an ounce by 4:57 GMT after hitting a lifetime high around $1,313 on Wednesday, that appeared to be its 10th record high in the past 12 trading days.

The precious metal has gained as much as 19.8 percent this year, heading for its 10th consecutive annual gain.

Wednesday in Singapore, gold edged higher and held near a record high hit in the previous session, with the US dollar remaining under pressure from expectations the Fed would take new measures to shore up the economy.

Spot gold added $1.60 an ounce to $1,309.00 an ounce by 3:24 GMT after rising as high as $1,310.10 an ounce on Tuesday, setting its eighth record-high session this month.

Tuesday in Singapore, the precious metal lost some ground after hitting a lifetime high at $1,300 an ounce in the previous session as a rebound in the US dollar prompted speculators to lock-in gains.

Spot gold lost $3.65 an ounce to $1,292.40 an ounce by 4:43 GMT, having struck a record on concerns over the global economic recovery and a weaker dollar. Gold has gained as much as 18.5% this year.

Monday in Singapore, bullion gained across the board within sight of a fresh record high as worries about the global economy linger, while silver rose to a 30-year high on rising investment demand. However, a slight decline in ETF holdings suggested some investors might want to book profits.

Spot gold added 80 cents to $1,296.40 an ounce by 0303 GMT after hitting a record at $1,299.95 on Friday on a weaker dollar and economic uncertainty after the Federal Reserve raised expectations of new measures to stimulate growth.

Friday in Singapore, bullion prices remained steady as disappointing data from the US and Europe resumed worries over the economic recovery, keeping market sentiment supported.

Spot gold was little changed at $1,293.7 an ounce by 6:27 GMT, below the record high of $1,296.1 hit on Wednesday. Gold is headed for a weekly gain of 1.5%, marking the second consecutive week of gains.

Gold has added 18% so far this year.