Gold
Gold hit a 6 week high yesterday, capitalising on the beleaguered
dollar, which hit a 7 week low against the euro. Gold, in euro terms,
is still maintaining a robust showing this morning. With many analysts
commenting on the likely decline of the dollar as the reserve currency,
after the economic turmoil subsides, gold is still at the forefront of
people looking to hedge their portfolios against systemic risk and
currency meltdown.
Silver
Silver also had a strong day yesterday, mirroring gold's 6 week highs.
After reaching the low £13.80s yesterday, it has corrected slightly and
is currently trading at $13.65/oz.
Platinum group metals
Platinum is practically unchanged from yesterday and with very light
trading in the metal, its direction is hard to predict. Palladium is
edging ever closer to the $260/oz level, gaining $2 in yesterday's
trading. Rhodium is currently trading above that at $1,425/oz/$1,525/oz.
