Markets were on fire this week and month. In terms of monthly heights, silver streaked ahead in New York to post its biggest monthly gain since April 1987, rising 27 percent. Gold rallied as well, advancing 9.8 percent. In black gold, crude-oil recorded its best monthly gain in 10 years. U.S. stocks made noise too, rising for three straight months.

For the week in London, gold rose 1.6 percent, silver soared 5.9 percent, and platinum jumped 2.3 percent. Precious metal spot figures follow:

London silver closed Friday to $15.52 an ounce, soaring 86 cents this week and an impressive $2.89 for the month.

London gold was fixed at $975.50 an ounce, rising $15.75 for the week while gaining $92.25 in May.

London platinum advanced to $1,175.00 an ounce, rising $26.00 on the week and increasing $82.00 for the month. Read the rest of this entry »

It was a banner week for precious metals and oil. London gold rose 3.3 percent, silver surged 5.3 percent, platinum jumped 3.6 percent and crude-oil soared 8.2 percent. U.S. stocks gained as well. The Dow and S&P rose for a ninth weekly gain in eleven weeks and the Nasdaq is up for ten of the past eleven weeks. European stocks were higher as well.

Spot precious metals figures follow:

London silver closed Friday to $14.66 an ounce, soaring 74 cents this week.

London gold was fixed at $959.75 an ounce, rising $30.25 for the week.

London platinum climbed to $1,149.00 an ounce, rising $40.00 on the week. Read the rest of this entry »

Commodities split directions this week. London gold rose 2.5 percent and silver gained 0.1 percent while platinum fell 3.5 percent and crude-oil ended down for the first week in four. U.S. stocks retreated as well, marking the first weekly decline in all three major indexes in 10 weeks. European stocks also ended lower.

Spot precious metals figures follow:

London silver ended Friday at $13.92 an ounce, gaining 2 cents week.

London gold was fixed at $929.50 an ounce, rising $22.50 for the week.

London platinum fell to $1,109.00 an ounce, dropping $40.00 on the week. Read the rest of this entry »

Precious metals surged this week, with London gold rising 2.5 percent, silver soaring 14.4 percent, and platinum jumping 6.8 percent. In black gold, crude-oil closed at its highest point this year to near $59 a barrel. The Dow and S&P climbed to extend gains for eight of the last nine weeks while the Nasdaq increased its winning streak to nine straight weeks. European stocks ended higher as well.

Spot precious metals figures follow:

London silver ended Friday at $13.90 an ounce, soaring $1.75 this week.

London gold was fixed at $907.00 an ounce, rising $22.50 for the week.

London platinum surged to $1,149.00 an ounce, gaining $73.00 on the week. Read the rest of this entry »

Precious metals moved lower this week. London gold lost 2.5 percent, silver fell 4.9 percent, and platinum plummeted 8.4 percent. Crude-oil rallied to its highest close since the end of March, pushing above $53 a barrel. The blue-chip Dow and the S&P returned to positive territory after breaking away from a prior a six-week winning streak. The Nasdaq is now up for week eight. European stocks closed higher.

Spot precious metals figures follow:

London silver ended Friday at $12.15 an ounce, falling 63 cents this week.

London gold was fixed at $884.50 an ounce, losing $23.00 for the week.

London platinum fell to $1,076.00 an ounce, plunging $99.00 on the week. Read the rest of this entry »

Precious metals swapped positions this week, breaking away from a prior four-week trend where platinum gained as gold and silver declined. For this week, London gold gained 4.3 percent, silver soared 6.76 percent, and platinum dropped 3.3 percent. Oil futures rallied Friday to push above $50 a barrel, gaining 2.4 percent on the week. Declines for the blue-chip Dow and the S&P snapped a six-week winning streak, but the Nasdaq is now up for week seven.

Spot precious metals figures follow:

London silver ended Friday at $12.78 an ounce, surging 80 cents this week.

London gold was fixed at $907.50 an ounce, gaining $37.00 for the week.

London platinum fell to $1,175.00 an ounce, falling $40.00 on the week. Read the rest of this entry »

For the fourth straight week, gold and silver fell while platinum rose. London gold lost 1.1 percent, silver dropped 2.6 percent, and platinum added 1.7 percent. Oil futures picked up Friday to end above $50 a barrel, but declined 3.7 percent this week. U.S. stocks rallied for the sixth consecutive week to match a streak set back in May 2007.

In spot precious metals, week-ending figures follow:

London silver ended Friday at $11.98 an ounce, falling 32 cents this week.

London gold was fixed at $870.50 an ounce, declining $10.00 for the week.

London platinum climbed to $1,215.00 an ounce, rising $20.00 on the week. Read the rest of this entry »

For the third straight week, gold and silver moved lower while platinum and stocks finished higher. Oil nearly joined the multi-week trend as it had climbed for two weeks, but then ended 27 cents lower in its latest weekly round. The London gold fixing was down 2.7 percent and silver dropped 4.4 percent. Platinum rose 3.1 percent.

U.S. stocks rallied for the fifth consecutive week, matching a streak last seen in October 2007. For the shortened holiday trading week, the S&P 500 rose 1.7 percent, the Dow Jones industrial average gained 0.8 percent and the Nasdaq composite climbed 1.9 percent. European stocks closed higher as well.

In black gold, crude-oil prices rallied with stocks. Oil soared $2.86, or 5.8 percent, to $52.24 a barrel. It closed last Friday at $52.51. For consumers, the price at the pump stayed the same on Saturday as the day prior. AAA said the average price for unleaded gasoline was $2.052 a gallon — 1.2 cents higher than a week ago.

Coming back to precious metals numbers, London silver ended Thursday at $12.30 an ounce, falling 56 cents since last Friday’s close.

London gold was fixed at $880.50 an ounce, declining $24.50 for the week.

London platinum climbed to $1,195.00 an ounce, rising $36.00 on the week. Read the rest of this entry »

For the second straight time, silver and gold ended lower on the week while platinum, oil and stocks finished higher. The London gold fixing was down 2.1 percent and silver dropped 2.7 percent. Platinum rose 2.5 percent.

U.S. stocks rallied for the fourth consecutvie week. The Dow jumped 3.1 percent since last Friday’s close and marked its best four-week winning streak since 1933 with its rise of 21.5 percent.

The S&P 500 gained 3.3 percent for the week, and is up 24.5 percent since it had hit a 12-year low on March 9. The Nasdaq added 5.0 percent. European stocks were mixed.

In oil news Friday, job loss data pushed New York crude futures slightly lower. Crude for May delivery lost 13 cents, or 0.2 percent, to $52.51 a barrel. Oil rose 0.3 percent for the week and has posted gains for seven weeks in a roll. Meanwhile, AAA said the average price for unleaded gasoline on Saturday was $2.040 a gallon. That compares to $1.933 a month ago and $3.303 a year ago.

Coming back to precious metals numbers, London silver ended Friday at $12.86 an ounce, falling 36 cents since last Friday’s close.

London gold closed to $905.00 an ounce, losing $19.00 for the week.

London platinum climbed to $1,159.00 an ounce, gaining $28.00 on the week. Read the rest of this entry »

Gold and silver moved lower on the week, but platinum, oil and world stocks finished higher. The London gold fixing ended down 3.1 percent while silver dropped 3.2 percent. Platinum, however, rose 1.9 percent.

For the third straight week, U.S. stocks rallied higher and have marked the best 14 days in seven decades. Since last Friday’s close, the Dow jumped 6.8 percent, the S&P 500 gained 6.2 percent, and the Nasdaq added 6.0 percent. European stocks were higher as well.

In crude-oil news, demand fears pushed New York futures lower Friday. Crude for May delivering plunged $1.96, or 3.6 percent, to $52.38 a barrel. Overall, oil gained for the sixth consecutive week, but only by 0.6 percent.

Meanwhile, AAA said the average price for unleaded gasoline on Saturday was $2.038 a gallon compared to $1.882 a month ago and $3.275 a year ago.

Coming back to precious metals numbers, London silver ended Friday at $13.22 an ounce, losing 43 cents since last Friday’s close.

London gold closed to $924.00 an ounce, falling $30.00 for the week.

London platinum climbed to $1,131.00 an ounce, rising $21.00 on the week. Read the rest of this entry »