Spot prices

Westminster Mint provides free real time price quotes on gold, silver, platinum and palladium. People interested in the precious metals market can follow the prices and see trends develop 24/7 on the world market by using our free current and historic price charts and graphs. Track your holding and measure how you are performing against other commodities and stock market indexes such as the Dow Jones, S&P 500, S&P Euro currency, Crude Oil and the U.S. Dollar. You get access to exactly what you need to know-when you need to know free and in real time.

Thursday, September 20, 2012

Disappointing global economic data has put downward pressure on many assets

Disappointing global economic data has put downward pressure on many assets across the financial landscape this morning. Reports out of China showed that the world’s #2 economy continues to suffer from a contracting manufacturing sector and the wave of disappointment continued into Europe with the regions PMI hitting lows not seen in quite some time.  Platinum reached as low as $1596 and is now trading at $1617 as bargain hunting provides some downside resistance…we’re off nearly $100 from just a few days ago! Palladium is down roughly 2% on the trading session and currently trading at $660. Much of the recent correction can be attributed to the agreement between Lonmin  and its miners at the Marikana operation and the hope for improving circumstances in South Africa. However, recent protests just outside Anglo Platinum’s Rustenburg operation have resulted in 2 more fatalities and is a reminder that the unrest persists. Have a great day!

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