Gold
Gold surged back through $1,000/oz on Friday, as the dollar weakened
based on poor US non-farm payroll data. It is holding above that level
and a continued hold above $1,000/oz should signal that gold has strong
fundamentals despite its recent behaviour being influenced by short
term dollar fluctuations. The poor US jobs report on Friday has led to
falling stock markets in Asia and a tentative start in Europe. Concerns
regarding a second economic downturn will likely lead to renewed risk
aversion and this bodes well for gold and should see gold make new
(nominal) record highs in the coming weeks.
Silver
Silver is currently trading at $16.28/oz.
Platinum Group Metals
Platinum is $1,284/oz, palladium is $9/oz above its Friday fix,
currently trading at $300/oz. Rhodium is trading at $1,550/$1,650/oz.
