It was another good day for the precious metals complex investors. The Gold Silver ratio (XAU / XAG) = ~48.99, Dow / Gold = ~16.47, Gold / Crude Oil = ~9.79.
Silver continue to consolidate just under the recent high, once the April high is taken the price of silver will face the 1983 high of around ~15$. The recent consolidation pattern will serve as good support in case of any pullback.
Gold, Silver, Platinum, Palladium, Copper, Aluminum, Crude Oil WTI, Natural Gas, Unleaded Gasoline & CRB Index charts. -link
Gold / Silver, Platinum, Palladium, Copper, Aluminum, Crude Oil WTI, XAU , HUI & CRB Index ratio charts. -link
Gold in terms of: Euro, Yen, Pound, Australian $, Canadian $, Rand, Frank, USDX. -link
Retail gold prices soar to hit 100-year high
Local retail gold prices have hit an all-time high of more than 12,900 baht per one-baht weight (15.16 grammes) of ornamental gold.
Prices are now at their highest point in more than 100 years, driven up by global gold prices, which this week rose to a 25-year high of more than $700 per ounce, according to the Gold Traders' Association.
According to Pichaya Phisuthikul, the association's secretary-general, local gold prices rose yesterday by 300 baht, with the price of ornamental gold standing at 12,900 baht per one-baht weight, from 12,600 baht on Tuesday, and gold bar at 12,500 baht, a rise from 12,200 baht. -source