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.







