Considering dollar strength gold’s fractional gains were more than respectable gold silver Wagner
After factoring in two days of dramatic price declines in gold resulting in a loss of just under $90 per ounce, the fractional gains were significant. The significance is in the fact that gold pricing advanced at all with such a strong dollar.
The best way to illustrate how today’s fractional gains were significant is to look at the effect of dollar strength and normal trading in spot pricing. Physical gold gained $3.10 in trading today and that does not tell the complete story. Silver did have a slight decline losing $0.14 to dollar strength, losing nine cents due to normal trading and five cents due to dollar strength with spot silver currently fixed at $22.25.
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