Gold News

Russian Sanctions May Create Serious Supply Shortages For Platinum and Palladium

Today’s AM fix was USD 1,362.50, EUR 979.37 and GBP 820.49 per ounce. Yesterday’s AM fix was USD 1,379.00, EUR 992.37 and GBP 829.13 per ounce.       Gold dropped $14.80 or 1.07% yesterday to $1,366.20/oz. Silver fell $0.28 or 1.31% at $21.13/oz. Yesterday, gold snapped its five session winning streak as speculators took profits as tensions over Ukraine abated somewhat. Gold declined from a six-month high after U.S. industrial production increased more than expected, leading to a reduction in safe haven demand.


Is London’s Property Bubble Set To Burst?

Today’s AM fix was USD 1,348.25 EUR 971.22 and GBP 805.16 per ounce. Yesterday’s AM fix was USD 1,334.25, EUR 971.57 and GBP 798.00 per ounce. Gold rose $12.90 or 0.96% to $1,350.30/oz. Silver also rose $0.30 or 1.42% to $21.47/oz. Gold has continued to edge higher and should achieve a fifth consecutive weekly higher close. This continued rise in gold’s price is bullish from a technical and momentum perspective.


Gold Price Rigging Fears Put Investors On Alert – FT

Today’s AM fix was USD 1,333.00, EUR 968.54 and GBP 800.46 per ounce. Friday’s AM fix was USD 1,320.75, EUR 963.63 and GBP 792.20 per ounce.            Gold fell $0.20 or 0.02% Friday to $1,323.50/oz. Silver lost $0.02 or 0.09% at $21.81/oz. Gold and silver were both up for the week at 0.37% and 1.68%. Gold has risen 0.8% in London and reached $1,334.60/oz, its highest level since October 31. After last years 28% decline, gold is now 11% higher this year.


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