Category: Market Update

16
Nov
2012

Silver To Climb 38% In 2013 – “Possibly Over $50/oz” Say GFMS

Today’s AM fix was USD 1,710.00, EUR 1,342.76, and GBP 1,077.91 per ounce. 
Yesterday’s AM fix was USD 1,723.50, EUR 1,351.45, and GBP 1,087.66 per ounce.

Silver is trading at $32.32/oz, €25.48/oz and £20.46/oz. Platinum is trading at $1,554.50/oz, palladium at $624.80/oz and rhodium at $1,095/oz.

Gold fell $11.00 or 0.64% in New York yesterday and closed at $1,714.00. Silver slipped to a low of $32.166 and finished with a loss of 0.15%.

Continue Reading
15
Nov
2012

Gold Investment Demand Up as QE fears grow – ETF’s Rise 56% in Q3 – The World Gold Council

Today’s AM fix was USD 1,723.50, EUR 1,351.45, and GBP 1,087.66 per ounce. 
Yesterday’s AM fix was USD 1,724.50, EUR 1,353.08, and GBP 1,085.21 per ounce.

Silver is trading at $32.53/oz, €25.60/oz and £20.52/oz. Platinum is trading at $1,573.50/oz, palladium at $627.75/oz and rhodium at $1,100/oz.

Gold was relatively unchanged up $0.50 or 0.03% in New York yesterday and closed at $1,725.00. Silver fell to a low of $32.36 and recovered to $32.908, but slipped downward and finished with a gain of 0.65%.

Continue Reading
14
Nov
2012

China Gold Reserves “Too Small” – Ensure “National Economic and Financial Safety”

Today’s AM fix was USD 1,724.50, EUR 1,353.08, and GBP 1,085.21 per ounce. 
Yesterday’s AM fix was USD 1,724.75, EUR 1,360.86, and GBP 1,091.39 per ounce.

Silver is trading at $32.47/oz, €25.60/oz and £20.54/oz. Platinum is trading at $1,585.00/oz, palladium at $637.00/oz and rhodium at $1,150/oz.

Gold is marginally lower in all fiat currencies today except for Japanese yen which has fallen nearly 1% against gold and is close to reaching record nominal highs in yen terms (see table and chart).

Continue Reading
13
Nov
2012

Diversify With Silver As Set To ‘Increase 400% In 3 Years’

Today’s AM fix was USD 1,724.75, EUR 1,360.86, and GBP 1,085.23 per ounce. 
Yesterday’s AM fix was USD 1,735.75, EUR 1,365.44, and GBP 1,091.39 per ounce.

Silver is trading at $32.63/oz, €25.76/oz and £20.61/oz. 
Platinum is trading at $1,591.00/oz, palladium at $614.50/oz and rhodium at $1,085/oz.

Continue Reading
12
Nov
2012

LBMA: Chairman Says Chinese Gold Allocation To Rise; SGE To Launch Interbank Market

Today’s AM fix was USD 1,735.75, EUR 1,365.44, and GBP 1,091.39 per ounce. 
Friday’s AM fix was USD 1,732.75, EUR 1,362.23, and GBP 1,085.55 per ounce.

Silver is trading at $32.65/oz, €25.80/oz and £20.65/oz. Platinum is trading at $1,570.00/oz, palladium at $610.60/oz and rhodium at $1,090/oz.

Continue Reading
09
Nov
2012

Precious Metals Set For Higher Weekly Close And Seasonal Year End Rally

Today’s AM fix was USD 1,732.75, EUR 1,362.23, and GBP 1,085.55 per ounce. 
Yesterday’s AM fix was USD 1,715.00, EUR 1,347.42, and GBP 1,075.84 per ounce.

 

Silver is trading at $32.19/oz, €25.42/oz and £20.27/oz. Platinum is trading at $1,560.50/oz, palladium at $613.00/oz and rhodium at $1,100/oz.

Gold rose $14.50 or 0.84% in New York yesterday and closed at $1,732.80. Silver dropped to $31.62 in London, then hit a high of $32.412/oz in New York and finished with a gain of 1.76%.

 

Continue Reading
08
Nov
2012

Obama Victory: Increased Gold And Silver Storage In Zurich And Asian Capitals

Today’s AM fix was USD 1,715.00, EUR 1,347.42, and 1,075.84 GBP per ounce. 
Yesterday’s AM fix was USD 1,730.50, EUR 1,345.86, and GBP 1,080.75 per ounce.

Silver is trading at $31.85/oz, €25.10/oz and £20.00/oz. Platinum is trading at $1,546.75/oz, palladium at $607.30/oz and rhodium at $1,100/oz.

Gold rose $2.10 or 0.12% in New York yesterday and closed at $1,718.30. Silver hit a low of $31.209 then recovered in late trade but still finished with a loss of 0.56%.

Continue Reading
07
Nov
2012

Obama Wins; Gold And Silver Jump 2 and 3 Percent

Today’s AM fix was USD 1,730.50, EUR 1,345.86, and GBP 1,080.75 per ounce. 
Yesterday’s AM fix was USD 1,691.75, EUR 1,321.58, and GBP 1,058.80 per ounce.

Silver is trading at $32.01/oz, €25.18/oz and £20.12/oz. Platinum is trading at $1,559.50/oz, palladium at $614.00/oz and rhodium at $1,120/oz.

Gold soared $32.10 or 1.91% in New York yesterday and closed at $1,716.20. Silver surged to a high of $32.25 and finished with a gain of 2.76%.

Continue Reading
06
Nov
2012

UK Royal Mint Plans To Offer Gold Bullion Storage

Today’s AM fix was USD 1,691.75, EUR 1,321.58, and GBP 1,058.80 per ounce. 
Yesterday’s AM fix was USD 1,679.00, EUR 1,313.05, and GBP 1,050.82 per ounce.

Silver is trading at $31.39/oz, €24.60/oz and £19.71/oz. Platinum is trading at $1,549.75/oz, palladium at $611.80/oz and rhodium at $1,070/oz.

Gold climbed $6.10 or 0.36% in New York yesterday and closed at $1,684.10. Silver hit a low of $30.64 in Asia, but it ran up to $31.24 in New York and finished with a gain of 0.78%.

Continue Reading
05
Nov
2012

Gold and Silver Worth $1.4 Billion Carried In Baggage From Turkey To Iran, UAE and Middle East in September

Today’s AM fix was USD 1,679.00, EUR 1,313.05, and GBP 1,050.82 per ounce. 
Friday’s AM fix was USD 1,708.25, EUR 1,325.77, and GBP 1,061.29 per ounce.

Silver is trading at $31.05/oz, €24.39/oz and £19.51/oz. Platinum is trading at $1,550.32/oz, palladium at $597.38/oz and rhodium at $1,070/oz.

Gold dropped $35.70 or 2.08% in New York on Friday and closed at $1,678.00. Silver hit a low of $30.789 and finished with a loss of 4.01%. Gold and silver were down nearly 2% and 3% on the week.

Continue Reading