Gold and silver are also making a comeback in the stock market, with gold hitting a new record and posting its biggest weekly gain in a year last week. Silver has more than doubled over the past year, closing above $40 an ounce for the first time in 31 years. The moves in gold, precious metals and currencies come on the eve of the annual spring meetings of the International Monetary Fund and World Bank, where officials from the Group of Seven developed economies and the broader Group of 20 will convene in Washington to discuss inflation, interest rates and the state of global currencies. What’s highest on their agenda? The highest priority will be how the rest of the world will help Egypt and Tunisia revamp their economies.
Tomorrow, in our final article on inflation and the stock market, we'll look at the impact on the American dollar verses the yen.
