Gaia 10 Pointer 3 3d wallpaper free to free: Gold Gains Nearly 30% in 2010; Silver gained 83.7%; Copper 33%

Monday, January 3, 2011

Gold Gains Nearly 30% in 2010; Silver gained 83.7%; Copper 33%

Gold futures finished the year with a 10th consecutive annual gain amid expectations for new record highs next year. The metal closed firmly above the $1,400 mark on the last trading day of 2010 and locked in a 29.7% gain for the year, the largest in three years.
A weaker dollar boosted gold prices Friday, as dollar-denominated gold appears cheaper to buyers using foreign currencies when the dollar eases.Currency concerns have been a major factor funneling investment funds towards the yellow metal throughout 2010. Worries about the financial health of some euro-zone nations and large stimulus spending in the U.S. resulted in a particularly volatile year for both the euro and the dollar. That left investors seeking a safe harbor in gold, which is often seen as an alternative currency.
Gold also has benefited from global inflation concerns. Chinese investors ramped up their gold purchases throughout 2010 as inflation picked up, even as the government implemented a number of measures to slow economic growth and rein in prices.
Silver futures ended the year at a new 30-year high Friday, up 83.7% this year. The metal has gained from spillover investment demand as gold soared outside of some investors' budgets.The most actively traded silver contract, for March delivery, settled up 1.4%, or 42.4 cents, at $30.937 per troy ounce.
Copper ended 2010 at a record, locking in a near 33% gain for the year amid dollar weakness and thin trading volumes.

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