European banks and stocks are taking a
beating on the back of the threat of Greek Default. The US stock market
is also down. But the real issue is with all the margin calls demand for
cash is high. Sales of gold to raise capital are directly pertinent to
today’s decline. This may also force a correction to lower levels but
there continues to be good buying. The volatility in the precious metals
is not for the weak of heart. The Safe Haven buying remains the key
support of the higher price levels and essentially no real reason is
apparent at this time for that sentiment to change. The US dollar has
also strengthened significantly against the Euro now at 1.3675 but it is
principally demand for cash driving this downward move.
DEC-Z
|
DEC-Z
|
Oct-V
|
DEC-Z
| |
Gold
|
Silver
|
Platinum
|
Palladium
| |
Last
|
1,833.00
|
41.095
|
1,819.70
|
728.50
|
Price Change
|
(26.50)
|
(1.27)
|
(18.20)
|
(10.10)
|
Current Low
|
1,833.00
|
40.545
|
1,820.60
|
728.15
|
Current High
|
1,865.20
|
41.600
|
1,843.30
|
739.05
|
EFP
|
3/3.50
|
.06/.11
|
2/6
|
1/5
|
Rhodium
|
1,875.00
|
Ruthenium
|
175.00
| |
Iridium
|
1,100.00
| |||
London PM Fixes:
| ||||
AU
|
1,834.00
|
PT
|
1,810.00
| |
PD
|
723.00
| |||
London AM Fixes:
| ||||
AU
|
1,843.00
|
PT
|
1,831.00
| |
PD
|
732.00
|
AG
|
40.8100
| |
Last
|
Low
|
High
| ||
EUR
|
1.3654
|
1.3695
|
1.3655
| |
JPY
|
77.17
|
77.59
|
77.18
| |
GBP
|
1.5847
|
1.5886
|
1.5848
| |
Crude Oil -CME
|
87.61
|
Copper
|
3.96
| |
*PLEASE NOTE THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
| ||||
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