Category: Precious Metals Update

28
May
2012

Gold Bar Demand in China Surged 51% to 213.9 Tons In 2011

Gold’s London AM fix this morning was USD 1,579.00, EUR 1,255.67, and GBP 1,006.63 per ounce. Friday’s AM fix was USD 1,560.50, EUR 1,240.66, and GBP 996.04 per ounce.

Silver is trading at $28.65/oz, €22.86/oz and £18.33/oz. Platinum is trading at $1,442.50/oz, palladium at $592.60/oz and rhodium at $1,275/oz.

Gold rose $13.30 or 0.85% in New York on Friday and closed at $1,572.80/oz. The higher close Friday was not enough to prevent a lower week for gold which was down 1.2% for the week.

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25
May
2012

Bank of Russia To Buy “Considerable Figure” Of Gold Tonnage in 2012

Gold’s London AM fix this morning was USD 1,560.50, EUR 1,240.66, and GBP 996.04 per ounce. Yesterday’s AM fix this morning was USD 1,558.50, EUR 1,239.27, and GBP 993.62 per ounce.

Silver is trading at $28.30/oz, €22.60/oz and £18.13/oz. Platinum is trading at $1,430.00/oz, palladium at $588.70/oz and rhodium at $1,275/oz.

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24
May
2012

Central Banks Still Significant Buyers On Gold Dip

Gold’s London AM fix this morning was USD 1,558.50, EUR 1,239.27, and GBP 993.62 per ounce. Yesterday’s AM fix this morning was USD 1,555.00, EUR 1,229.44, and GBP 989.56 per ounce.

Silver is trading at $28.12/oz, €22.46/oz and £18.01/oz. Platinum is trading at $1,430.25/oz, palladium at $591.80/oz and rhodium at $1,275/oz.

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23
May
2012

Gold Bubble? Demand Data Continues To Show No Bubble

Gold’s London AM fix this morning was USD 1,555.00, EUR 1,229.44, and GBP 989.56 per ounce. Yesterday’s AM fix this morning was USD 1,575.75, EUR 1,233.95, and GBP 998.76 per ounce.

Gold fell $26.20 or 1.64% in New York yesterday and closed at $1,566.80/oz. Gold fell in Asia and those falls continued in Europe where gold has been trading in a $16 range.

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22
May
2012

Swiss Parliament Examines ‘Gold Franc’ Currency Today

Gold’s London AM fix this morning was USD 1,575.75, EUR 1,233.95, and GBP 998.76 per ounce. Yesterday’s AM fix this morning was USD 1,590.25, EUR 1,245.20, and GBP 1,005.34 per ounce.

Silver is trading at $28.18/oz, €22.18/oz and £17.94/oz. Platinum is trading at $1,462.00/oz, palladium at $607.10/oz and rhodium at $1,275/oz.

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21
May
2012

Why Has Gold Fallen In Price And What Is The Outlook?

Gold’s London AM fix this morning was USD 1,590.25, EUR 1,245.20, and GBP 1,005.34 per ounce. Friday’s AM fix was USD 1,588.00, EUR 1,251.08 and GBP 1,005.13 per ounce.

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18
May
2012

Bloomberg Interview GoldCore on Chinese and Global Gold Demand

Gold’s London AM fix this morning was USD 1,588.00, EUR 1,251.08, and GBP 1,005.13 per ounce. Yesterday’s AM fix was USD 1,547.00, EUR 1,217.44and GBP 974.00 per ounce.

Silver is trading at $28.53/oz, €22.55/oz and £18.12/oz. Platinum is trading at $1,465.00/oz, palladium at $603.80/oz and rhodium at $1,300/oz.

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17
May
2012

Gold Demands Trend (Q1 2012) – Enter The Dragon

Gold’s London AM fix this morning was USD 1,547.00, EUR 1,217.44, and GBP 974.00 per ounce. Yesterday’s AM fix was USD 1,537.50, EUR 1,208.73 and GBP 966.31 per ounce.

Silver is trading at $27.48/oz, €21.77/oz and £17.43/oz. Platinum is trading at $1,443.50/oz, palladium at $592.90/oz and rhodium at $1,300/oz.

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16
May
2012

Soros, PIMCO, Paulson, Texas Teacher Retirement Fund Buy Gold in Q1

Gold’s London AM fix this morning was USD 1,537.50, EUR 1,208.73, and GBP 966.31 per ounce. Yesterday’s AM fix was USD 1,559.00, EUR 1,213.61 and GBP 969.95 per ounce.

Silver is trading at $27.33/oz, €21.59/oz and £17.24/oz. Platinum is trading at $1,427.50/oz, palladium at $592.60/oz and rhodium at $1,300/oz.

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15
May
2012

Bundesbank Confirms German Gold Held By FED, BOE and Banque De France

Gold’s London AM fix this morning was USD 1,559.00, EUR 1,213.61 and GBP 969.95 per ounce.

Yesterday’s AM fix was USD 1,563.00, EUR 1,213.79 and GBP 972.62 per ounce.

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