Silver Seen Volatile Again, Gold Edges Up

Gold edged higher in Monday morning trading in London on the back of good buying interest but volatile silver continued to trade in a wide range, dealers said. Gold was fixed higher at $300.00 an ounce from Friday afternoon's fix at $299.10. Spot gold was last quoted at 299.30/$299.80, slightly up from Friday's London close of $299.20/$299.70. Silver was last quoted at $7.08/$7.18, down from Friday's close in London at $7.30/$7.40. Dealers said they expected gold to trade in a range between $299 and $305.00. But silver was expected to again trade in a wide range of up to 50 cents, and dealers expected the precious metal to mirror last week's volatility. Platinum shed much of the gains it made last week, and was last fixed at $394.00 (Reuters)