Category: Precious Metals Update

14
Oct
2013

Indian Premiums Surge $30 To Record On Physical Demand, Supply Crunch

Today’s AM fix was USD 1,276.00, EUR 941.49 and GBP 766.50 per ounce.
Friday’s AM fix was USD 1,285.75, EUR 947.15 and GBP 804.30 per ounce.

Gold fell $17.20 or 1.34% Friday, closing at $$1,270.20/oz. Silver slipped $0.30 or 1.39% closing at $21.29. Platinum dropped $13.51 or 1% to $1,366.49/oz, while palladium rose $3.22 or 0.5% to $709.22/oz. Gold and silver had negative returns for the week at 3.08% and 1.80% respectively.

Continue Reading
29
Aug
2013

Citigroup Sees Gold at $3,500/oz; Silver Jumping to $100/oz

Today’s AM fix was USD 1,406.25, EUR 1,059.96 and GBP 906.79 per ounce.
Yesterday’s AM fix was USD 1,425.50, EUR 1,066.03 and GBP 919.91 per ounce.

Gold rose $0.20 or 0.014% yesterday, closing at $1,415.70/oz. Silver ceded some its previous gains and closed down $0.17 or 0.7%, closing at $24.29. Platinum gained $9.45/oz to $1,531.20.

Continue Reading
28
Aug
2013

Syria War And “Market Panic” To Send Gold “Much, Much Higher” – Jim Rogers

Today’s AM fix was USD 1,425.50, EUR 1,066.03 and GBP 919.91 per ounce.
Yesterday’s AM fix was USD 1,411.00, EUR 1,057.80 and GBP 909.38 per ounce.

Gold rose $13.10 or 0.95% yesterday, closing at $1,415.50/oz. Silver rose another $0.16 or 0.66%, closing at $24.46. Platinum fell $20.25/oz to $1,521.75 and palladium edged down 0.1% to $743.22/oz.

Gold and silver are higher in all currencies today. The rupee sharp falls continue and it fell the most in 20 years overnight and gold reached new record highs in the rupee.

Continue Reading
27
Aug
2013

Russia, Turkey And France Among 15 Central Banks Buy Gold In July

Friday’s AM fix was USD 1,374.50, EUR 1,028.59 and GBP 880.30 per ounce.

Yesterday was the Summer Bank Holiday in the UK.

Today’s AM fix was USD 1,411.00, EUR 1,057.80 and GBP 909.38 per ounce.

Gold rose $6.10 or 0.44% yesterday, closing at $1,402.40/oz, above resistance at $1,400/oz. Silver rose another $0.32 or 1.3%, closing at $24.30, above resistance at $24/oz.

Gold has broken above resistance between $1,400/oz and $1,407/oz this morning.

Continue Reading
10
Jul
2013

Gold Borrowing Costs Hit Post-Lehman High – Hong Kong Jewellers and Banks Face Supply Issues

Today’s AM fix was USD 1,252.25, EUR 977.02 and GBP 840.78 per ounce.

Yesterday’s AM fix was USD 1,252.00, EUR 972.58 and GBP 840.95 per ounce.

Gold rose $11.90 or 0.9% yesterday and closed at $1,248.40/oz. Silver climbed 0.8% or $0.16 and closed at $19.22.

Continue Reading
09
Jul
2013

Russia’s Gokhran May Resume Gold, Silver Purchases Next Year

Today’s AM fix was USD 1,252.00, EUR 972.58 and GBP 840.95  per ounce.
Yesterday’s AM fix was USD 1,225.50, EUR 954.22 and GBP 822.70 per ounce.

Continue Reading
18
Jun
2013

Platinum ‘Supply Squeeze’ Likely To Lead to Record Prices

Today’s AM fix was USD 1,378.50, EUR 1,030.35 and GBP 880.32 per ounce. 
Yesterday’s AM fix was USD 1,386.00, EUR 1,038.59 and GBP 881.79 per ounce.

Gold was little changed on Tuesday as investors awaited guidance from a Federal Reserve meeting on the outlook for the bank’s still incredibly ultra loose stimulus programme, amid mixed U.S. economic data.

Uncertainty about the tenure of Federal Reserve Chairman Bernanke and the possibility of his early retirement may lead to increased risk aversion which will support gold.

Continue Reading
11
Jun
2013

Gold In Euros, Yen And Aussie Dollars May Outperform

Today’s AM fix was USD 1,369.50, EUR 1,031.10 and GBP 880.93 per ounce.
Yesterday’s AM fix was USD 1,376.75, EUR 1,041.89 and GBP 887.37 per ounce.

Gold rose $6.70 or 0.49% yesterday to $1,385.40/oz and silver surged to a high of $22.083 and finished with a gain of 1.58%.

Continue Reading
05
Apr
2013

Global Deposit Confiscation Called For By Influential CEO Of Italy’s Largest Bank

Today’s AM fix was USD 1,552.75, EUR 1,201.35 and GBP 1,019.60 per ounce.
Yesterday’s AM fix was USD 1,545.25, EUR 1,207.42 and GBP 1,025,65 per ounce.

Gold fell $4.90 or 0.31% to $1,553.10/oz and silver fell 10 cents or 0.37% to $26.87/oz on the COMEX yesterday.

Continue Reading
04
Apr
2013

Yen Falls 2.1% To 0.148 Million/Oz – BOJ, ECB, FED and BOE Continue to Debase

Today’s AM fix was USD 1,545.25, EUR 1,207.42 and GBP 1,025,65 per ounce.
Wednesday’s AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce.

Gold fell $17.30 or 1.1% yesterday while silver fell 28 cents or 1.03% on the COMEX yesterday.


Cross Currencies Table – Bloomberg

Continue Reading