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GoldCore Precious Metals Update

Mon, Jun 29 2009, 11:50 GMT
by GoldCore Bullion Services Team

GoldCore


Gold
Gold was trading in the mid $930s in Tokyo overnight but buying in Europe this morning took it over the $940 level. With increasing concerns regarding the sustainability of the fabled "green shoots" and whether the recent recovery in equity markets can be sustained, gold will continue to be well supported. Especially as the relative merits of the individual major currencies (EUR, USD, JPY and GBP) look increasingly like an ugly sister competition. Gold is currently trading at $942.2/£570/€671.

Silver
Silver also dipped overnight to $13.96 but proved to be made of hardier stuff in late morning trading and has pushed upwards to be currently trading at $14.10/ £8.53/€10.04.

Platinum Group Metals
Platinum's hold above $1,200 on Friday was short-lived and it has retraced some of last week's losses and is currently trading at $1,191.
Palladium has also fallen off slightly at $245 and rhodium is currently trading at $1,325/$1,500.


Gold and Silver Investments Limited  | 63 Fitzwilliam Square, Dublin 2, Ireland
http://www.goldcore.com | info@goldcore.com

Legal disclaimer and risk disclosure

The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: Past experience is not necessarily a guide to future performance. The value of investments may fall or rise against investors’ interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. Gold and Silver Investments Limited, trading as Gold Investments is a Multi-Agency Intermediary regulated by the Irish Financial Regulator.

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