Gold, Silver Up Thanks to Weakening Dollar

More and more investors are turning to gold as the dollar continues to fall, pushing up the value of the precious metal. Although the value of gold had been decreasing since late February, investor confidence in gold increased in April and has continued to propel gold toward the $1,000 an ounce mark.
According to Kitco.com, gold is currently at around $980 an ounce. If this trend continues, the value of gold will surpass the ten-year record set in early 2008 when gold was worth $1,002.080 an ounce. Gold has historically served as an alternative currency for investors when the dollar would …read more