Daily Bullion Market Update 8/22/11

By Barry Stuppler - MintStateGold.com

GOLD

Trading at $1,887.80 at 11am PDT, Gold is up $40 on the day in very active trading. Gold climbed to a record high above $1,895 an ounce in New York and London, as concern about slowing economic growth and debt crises spurred demand for bullion as a protection of wealth.

SILVER

Silver reached $44.09 in early trading then settled back to $43.59 per ounce, up $1.51 at 11am PDT. Asian overnight demand was healthy on excellent volume.

PLATINUM is trading over $1,900 today, which is a three-year high.

For additional information plus a report of the ANA World's Fair of Money, please read today’s Weekly Market Report at www.mintstategold.com/investor-education/cat/markets/Weekly Market Report

Posted in: Bullion & Metals

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