Gold: Gained nearly
0.5% yesterday as it continues to track the fortunes, or lack thereof, of the
dollar. It is currently trading at $953.30. Very strong support is showing at
$935 with resistance still looking to break the magic $1000 level.
With production out of the 3rd largest producer in the world, South Africa, back at WWI levels the bullish long term sentiment continues.
Silver: Was the star performer yesterday, rising 2%. It closed at $15.21. Strong support is showing at $14.75 but silver hates to conform and therefore a break through resistance of $15.63 would not be entirely unpredicted.
Platinum: More than 27,000 ounces flowed into the ETF Securities backed fund this week, compared to only 2400 ounces last week. Platinum is still slightly directionless currently trading at $1,267, support is at $1,200 and resistance at $1,300.
Rhodium: Currently trading at $1,425/ $1,525.
Jobs data is being released later today in the US, with markets looking for direction from the figures.
With production out of the 3rd largest producer in the world, South Africa, back at WWI levels the bullish long term sentiment continues.
Silver: Was the star performer yesterday, rising 2%. It closed at $15.21. Strong support is showing at $14.75 but silver hates to conform and therefore a break through resistance of $15.63 would not be entirely unpredicted.
Platinum: More than 27,000 ounces flowed into the ETF Securities backed fund this week, compared to only 2400 ounces last week. Platinum is still slightly directionless currently trading at $1,267, support is at $1,200 and resistance at $1,300.
Rhodium: Currently trading at $1,425/ $1,525.
Jobs data is being released later today in the US, with markets looking for direction from the figures.
