As the last full week of April comes to a close, we have some positive news to report about gold and silver. The low spot values of the metal has finally translated into massive demand and thus, an increase in their values. While this week was not enough to make up for the massive losses we witnessed only a few weeks ago, it is definitely a good start. Many experts believe that the global economic climate at this time is such that a continued ascension of the price of metals is very possible.

Heightened Demand

Many predicted that the fall in the value of precious metals only a few weeks ago would turn into heavy demand and an increase the spot value of gold and silver once more. At first this did not go as planned, but this week we finally saw rising global demand which translated into better spot values. These spot values were not enough to to turn around the past few weeks losses, but they sure didn’t hurt.

The busiest part of the world as far as gold consumption was concerned was Asia. Not only did a holiday in Asia increase purchases, but demand was so high that brick and mortar stores throughout Asia were running out of stock.

Economies Fluctuating

The whole world is in tough economic times, that is an undeniable fact as of late. It seems as though there is no safe place to invest, but some believe that gold and silver are starting to change that. As investors are unsure where to go with their investments at an increasing rate, something has to give. While this is gold’s first positive week in a while, and a short sample size to go off of, many think that the rise in value will continue.

Central banks all over the world have posted increased purchases of gold, which gives investors more confidence in the metal. Increased confidence naturally translates into more purchases and thus a rising spot value.

Moving Ahead

As we end April and begin May the main focus of every investor is the spot value of both gold and silver. It is thought that values will continue to rise, but no one can know for sure. Keeping your attention fixated on the US economy is also a good idea as its progress has been slowed as of late. The world economy has been so unpredictable lately, every week has been a roller coaster of sorts  and all of us wish things would just settle down a bit.

Weekly Move

At the beginning of this week gold was sitting at $1,409 and at the end of the week was situated at $1,463. This was a gain of $54. Silver started the week at $23.38 and finished at $24.10, gains of about 72 cents.