GoldCore Precious Metals Update
Tue, Aug 25 2009, 15:20 GMT
by GoldCore Bullion Services Team
GoldCore | View company's profile
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Gold
A volatile close to yesterday's trading left gold over $10/oz lower at
the close for no ostensible reason. It has steadily made its way back
in overnight and early morning trading and it is currently trading
above $950.80/oz. The current range looks intact for the moment while
interest still remains to buy dips. Increasing concerns regarding the
dollar as a reserve currency and store of value (as expressed by Joseph
Stiglitz) will likely result in gold resuming its uptrend soon.
Overnight economic news remained very quiet. The €/$ is trading at
1.4292 and GBP/USD at 1.6373.
Silver
Silver is currently trading at $14.33/oz.
Platinum Group Metals
Platinum is trading at $1,246/oz, palladium at $284/oz and rhodium at $1,650/oz.
Published on
Tue, Aug 25 2009, 15:23 GMT
Archive
- GoldCore Update: Sterling Gold Near Record Highs as Election Looms and Economic Outlook Uncertain
Published On Fri, Mar 19 2010, 14:28 GMT
- GoldCore Update: Gold Volatile on Weaker Euro and Renewed Greek Concerns
Published On Fri, Mar 19 2010, 09:58 GMT
- GoldCore Update: Federal Reserve Rising Interest Rates Positive for Gold?
Published On Tue, Mar 16 2010, 13:51 GMT
- Gold Supported by Geopolitical and Sovereign Risk as S&P and Moodys Warn US
Published On Mon, Mar 15 2010, 15:31 GMT
- Gold Technicals: Weekly Loss Will be Bearish But Fundamentals Remain Positive
Published On Fri, Mar 12 2010, 12:22 GMT
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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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