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 27, 2012

The precious complex was able to pare losses and firm up over night

The precious complex was able to pare losses and firm up over night following yesterday’s bout of selling which could probably be attributed, in some part, to quarter end profit taking. Rumors that China may sit at the stimulus table, as early as next week, may have also have something to do with the rebound in prices. Platinum is seeing support from the ongoing stalemate between Anglo and the unions…currently trading at $1764. The markets appear to be in a wait and see mode right now as investors await the details of Spain’s 2013 budget that was released earlier today. The potential of new austerity measures, cutbacks and reforms have the populace of the heavily indebted nation up in arms and  as protests rage on, the benchmark 10-year bond yields in Spain have breached the psychological level of 6%.  Here in the U.S., durable goods orders fell 13.2%, a decline the likes of which haven’t been seen since the beginning of 2009. Second-quarter GDP was revised down from the previous estimate of 1.7%, coming in at a more depressing 1.3%. One bright spot in today’s data dump is the decline in initial jobless claims. However, the aforementioned figures for durable goods and GDP would suggest that the decline in jobless claims will probably be temporary. Have a great day!
 

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