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There is little evidence of clear short-term price trends in gold, silver, platinum or palladium at the moment, with the metals all hostage to violent day-to-day gyrations in hedge fund sentiment. “Risk on” buying is triggered by hints that the Federal Reserve is getting ready for “QE3”, and sees metal prices bid ...
Markets are caught between joy and disconsolation at the moment. On the one hand, they know that central banks are committing to ever-greater money creation efforts in order to keep the present economic show on the road – and Mr Market loves nothing more than free money. But as long as the shadow of a disorderly Greek default ...
More downbeat economic news from Europe yesterday sent the euro down to $1.2790. As The Wall Street Journal points out, this is the single currency’s lowest level against the US dollar since September 2010, following the initial turmoil in European sovereign debt during the spring and summer of 2010. Sentiment remains uniformly ...
“We can expect more of the same – specifically, serial bailouts of governments and banks that, if not already insolvent are bordering on insolvency. It is a distressing prospect.” So says James Turk, in his 2012 prediction piece for the GoldMoney website. This comes as Friday bought confirmation that Greece’s ...
Worries at the European credit markets have persisted as yield on Italian bonds remain high. The euro has been under renewed sales pressure, hitting $1.29 against the US dollar – the lowest level its been at since September 2010. Traders are also selling gold and silver futures. Gold, platinum and palladium have also been under ...
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Gold:Gold Buy Rates |
$49.4466/gg $1,538.00/oz |
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Silver:Silver Buy Rates |
$27.2400/oz |
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Platinum:Platinum Buy Rates |
$45.3281/pg $1,409.90/oz |
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Palladium:Palladium Buy Rates |
$19.0091/pd $591.20/oz |
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