GoldCore Update – Gold steady near record high in Euro

GOLD
Gold reached as high as $1,127.05/oz in US trading before dipping back to finish the day at $1,098.00/oz. It has ranged traded from $1,098.00/oz to $1,108.00/oz in Asian trading so far this morning. Gold is currently trading at $1,104.00/oz and in Euro and GBP terms, gold is trading at €814/oz and £709/oz respectively. An IMF announcement yesterday that they are shortly to resume selling gold, weighed on the precious metals into evening trading. However a strengthening of the US dollar has kept gold trading close to its all time high against the Euro and above trendline support in Sterling.

 

SILVER
Silver began this morning in Asia $15.80/oz before dipping to $15.67/oz but it has since recovered. Silver is currently trading at $15.84/oz, €11.66/oz and £10.15/oz.

PGM’s
Platinum is trading at $1,512/oz and palladium is currently trading at $430/oz. While rhodium is at $2,500/oz.
 

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Stephen Flood

Stephen Flood is the CEO of GoldCore. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals markets since 2004 and has appeared as an expert contributor on CNBC, CNN, BBC, RTE & Bloomberg TV and has had articles published in the Irish Times, Irish Independent and The Sunday Business Post.

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