U.S. gold rose to a record high for a fourth straight session on Friday, its longest string of record highs since January 7. The metal?s rise was impressive. Gold rose $12.50, or 0.85%, to close at $1486.40 an ounce. Gold prices hit an intraday low of $1471.40 and a high of $1487.90 an ounce. Gold prices are now above its Bollinger band's upper band.
Silver futures prices for June delivery, now the most active contrast, rose $0.84, or 1.99%, to close at $42.96 per ounce on the Comex in New York. Silver prices hit an intraday low of $41.79 and a high of $42.96. Both gold and silver made record highs and 31-year highs in Friday?s session.
Inflation pressures are starting to build. Ben Bernanke, the Fed Chairman said in an interview recently that current inflation will resolve itself. Bernanke noted that higher oil prices are just a temporary phase
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Jessica Biel Christina Milian Kelly Brook Robin Tunney Kate Groombridge
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