Gold, Silver Surge As Bank Of France Announces "No Gold Sale Plans"

It seems the earlier rumors that the Bank of France may be selling its gold - which had weighed on the price of precious metals this morning in the face of increasing uncertainty among the most indebted nations on the world - have been officially denied. As Bloomberg reports:

  • *BANK OF FRANCE HAS NO PLANS TO SELL GOLD, GAUTIER SAYS

And sure enough, Gold and Silver prices just screamed higher.