Category: Precious Metals Update

12
Jun
2012

Gold Deposits Of USD 1 Billion To Be Collected By Turkish Bank

Today’s AM fix was USD 1,589.25, EUR 1,271.40, and GBP 1,025.65 per ounce.
Yesterday’s AM fix was USD 1,593.00, EUR 1,264.79, and GBP 1,023.45 per ounce.

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11
Jun
2012

EU Leaders Hail Sticking Plaster ‘Rescue’ As Victory

Today’s AM fix was USD 1,593.00, EUR 1,264.79, and GBP 1,023.45 per ounce.
Friday’s AM fix was USD 1,576.00, EUR 1,264.34, and GBP 1,021.72 per ounce.

Silver is trading at $28.67/oz, €22.92/oz and £18.52/oz. Platinum is trading at $1,448.00/oz, palladium at $618.00/oz and rhodium at $1,200/oz.

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08
Jun
2012

‘The End Is Not Near, It Is Here and Now’ – Gold Legend Jim Sinclair

Today’s AM fix was USD 1,576.00, EUR 1,264.34, and GBP 1,021.72 per ounce.
Yesterday’s AM fix was USD 1,620.75, EUR 1,288.66, and GBP 1,046.25 per ounce.

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07
Jun
2012

Silver Surged 3% – ECB At 1%, Dovish Fed Comments and ‘Helicopter Ben’ Testimony

Today’s AM fix was USD 1,620.75, EUR 1,288.66, and GBP 1,046.25 per ounce.
Yesterday’s AM fix was USD 1,633.25, EUR 1,305.45, and GBP 1,057.33 per ounce.

Silver is trading at $29.51/oz, €23.55/oz and £19.04/oz. Platinum is trading at $1,470.00/oz, palladium at $626.00/oz and rhodium at $1,200/oz.

Gold rose 1% yesterday prior to giving up those gains and rising just $1.20 in New York and closed at $1,619.60/oz.  Gold has been trading sideways in Asia and continues in Europe hovering above $1,620/oz. 

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06
Jun
2012

ECB Keeps Rates At 1% – Gold Record High In Indian Rupees

 

Today’s AM fix was USD 1,633.25, EUR 1,305.45, and GBP 1,057.33 per ounce.
Friday’s PM fix was USD 1,606.00, EUR 1,292.76, and GBP 1,041.76 per ounce.

Silver is trading at $29.35/oz, €23.57/oz and £19.03/oz. Platinum is trading at $1,469.00/oz, palladium at $622.00/oz and rhodium at $1,200/oz.

The ECB has left its benchmark refi rate at 1.0% as expected. The deposit rates remains at 0.25 pct and the marginal lending rate at 1.75 pct and are thus both unchanged. 

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05
Jun
2012

Iran Gold Imports Surge – 1.2 Billion USD Of Precious Metals From Turkey in April Alone

Friday’s AM fix was USD 1,552.50, EUR 1,259.53, and GBP 1,015.37 per ounce.
Friday’s PM fix was USD 1,606.00, EUR 1,292.76, and GBP 1,041.76 per ounce.
Today is a holiday in the UK and the London bullion market is closed.

Silver is trading at $28.35/oz, €22.92/oz and £18.55/oz. Platinum is trading at $1,444.50/oz, palladium at $609.90/oz and rhodium at $1,200/oz.

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01
Jun
2012

Gold Rises In EUR and CHF in May and Outperforms Stocks Which Fell Sharply

Gold’s London AM fix this morning was USD 1,552.50, EUR 1,259.53, and GBP 1,015.37 per ounce. Yesterday’s AM fix was USD 1,567.50, EUR 1,262.08, and GBP 1,010.51 per ounce.

Silver is trading at $27.45/oz, €22.36/oz and £17.99/oz. Platinum is trading at $1,398.00/oz, palladium at $598.10/oz and rhodium at $1,200/oz.

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31
May
2012

Gold Rises $40 As Markets Fall Sharply – Safe Haven “Tipping Point”?

Gold’s London AM fix this morning was USD, EUR, and GBP per ounce.
Yesterday’s AM fix was USD 1,548.75, EUR 1,244.98, and GBP 995.41 per ounce.

Gold rose 0.38% or $6.00 in New York yesterday and closed at $1,564.80/oz. However the 0.38% gain does not convey the positive price action. This saw gold fall initially in unison with risk assets such as equities and commodities – including oil.

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30
May
2012

Gold Capped $1,580 – Another Concentrated Burst Of Selling On High Volume

Gold’s London AM fix this morning was USD 1,548.75, EUR 1,244.98, and GBP 995.41 per ounce. Yesterday’s AM fix was USD 1,573.75, EUR 1,254.48, and GBP 1,003.67 per ounce.

Silver is trading at $27.75/oz, €22.39/oz and £17.87/oz. Platinum is trading at $1,416.25/oz, palladium at $597.75/oz and rhodium at $1,275/oz.

Gold fell 0.89% or $14.00 in active trading yesterday and closed at $1,558.80/oz. Gold fell marginally in Asia but remains in a tight range. In European trading gold is hovering near the $1,550/oz level.  

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29
May
2012

Risk Of Bank Runs And Forcible FX Conversion of Savings Deepens

Gold’s London AM fix this morning was USD 1,573.75, EUR 1,254.48, and GBP 1,003.67 per ounce. Yesterday’s AM fix was USD 1,579.00, EUR 1,255.67, and GBP 1,006.63 per ounce.

Silver is trading at $28.36/oz, €22.71/oz and £18.16/oz. Platinum is trading at $1,440.75/oz, palladium at $603.60/oz and rhodium at $1,275/oz.

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