Gold Resumes Upswing, Other Precious Metals Follow

After trading off the morning highs, Gold is now nearing the highs of the day. Gold for June delivery last traded at $1244.60, up $24.30, after reaching an all-time intra-day high of $1245.90 earlier.

In addition to gold, other precious metals are also higher today. Silver (May) is up $0.363 to $19.635, Palladium (June) is up $14.80 to $547 and Platinum (July) is up $43.20 to $1744. Copper (May) is down $0.018 to $3.176.

The precious metal has been tapping new high on concerns about the debasing of fiat currencies with government's monetizing debt.

Related ETFs and Stocks:

SPDR Gold Shares (NYSE: GLD) +0.8%

Market Vectors Gold Miners ETF (NYSE: GDX) +0.3%

Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) +1.8%

Physical Swiss Gold Shares (NYSE: SGOL) +0.9%s

iShares Silver Trust (NYSE: SLV) +1.4%

ETFS Physical Palladium Shares (Nasdaq: PALL) +2.3%

ETFS Physical Platinum Shares (Nasdaq: PPLT) +2.3%

Barrick Gold Corporation (NYSE: ABX) +0.9%

Goldcorp Inc. (NYSE: GG) +0.9%

Newmont Mining Corp. (NYSE: NEM) +1.3%

Yamana Gold (NYSE: AUY) +2.1%

Silver Wheaton Corp. (NYSE:SLW) +1.8%

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