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  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Silver cuts into gold ratio

Apr 05, 2011 09:12 AM

Silver futures scaled high enough on Monday that they decreased the ratio against gold futures the most since the early 1980s, Bloomberg reports.

An ounce of gold in Singapore equaled 37.15 ounces of silver. That average has hovered around 62 ounces for the past decade. Silver futures have at least doubled in value during the past year while gold's value has risen 27 percent.

"Silver has yet to hit a record which means the ratio will decline further" to values not seen since the Hunt brothers attempted to corner the market in 1980, according to Hwang Il Doo, Seoul-based senior trader with KEB Futures Co. "Investor and industrial demand is strong as the economic recovery is under way and inflation becomes a worry."

Precious metal demand is attributable to optimism about economic recovery from the globe's deep economic recession, fighting in North Africa and the Middle East and concerns about inflation.

Shortly after 9:45 a.m. on Tuesday, gold futures edged up 0.09 percent, a $1.30 rise to $1,434.30 per troy ounce. Silver futures slipped 0.02 percent, a 0.009 cent slip to $38.485 per troy ounce.

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