Gold holding its own as oil prices fall to 21-year low

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Silver and gold futures costs are trading modestly up in early UNITED STATE trading Monday. The attribute in over night trading was a very sharp decrease of around 40% in petroleum futures costs. Nymex crude oil hit a 21-year low of $11.04 a barrel. Just two months ago Nymex crude costs were above $60.00. North American storage space centers are complete and also there is no location to put brand-new production, in the middle of the huge decrease in gas demand that has actually resulted in prices at the U.S. pump opting for less than $1.00 a gallon at some areas. For the rare-earth elements the slumping oil market is a mixed bag.

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