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 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.
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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