Gold
Gold is holding stable at $953/oz this
morning smack bang in the middle of its recent range of $931-$971/oz.
Commentators are pointing towards a similarity in trends to recent
years and the possibility of breaking significantly higher in
September. A breach of $967-971/oz has to be accomplished first
however, before any surge towards the all time highs can be completed.
Asian markets followed the US and European markets into positive
territory this morning based on a combination of last Friday's US sales
of existing homes surging to the most on record. Hopes for an
improvement in the global economy and fears regarding the reemergence
of inflation are leading to higher commodity prices and higher oil
prices.
Silver
Silver is currently trading at $14.39/oz and continues to look to gold for direction.
Platinum Group Metals
Palladium is trading at $282/oz while platinum and rhodium are trading at $1,255 and $1,650 respectively.
GoldCore Market Update
GoldCore Precious Metals Update
Mon, Aug 24 2009, 09:08 GMT
by
GoldCore Bullion Services Team
- GoldCore
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