Gold & Silver spot prices
| Bid | Ask | +/- | LDN | High | Low | Close | |
|---|---|---|---|---|---|---|---|
| Gold | 1765.13 | 1765.53 | -6.75 | 10:06 | 1771.15 | 1755.70 | 1772.20 |
| Silver | 34.11 | 34.17 | -0.34 | 10:06 | 34.49 | 33.56 | 34.49 |
Monday, September 24, 2012
The precious complex is in the red this morning as bullishness seems to be wearing off
The precious complex is in the red this morning as bullishness seems to
be wearing off amid concerns of global economic malaise. With little in
the way of domestic economic news to pressure markets the focus will
shift across the pond to
the Euro region where the newest headlines indicate that the German
Business Climate Index fell for a fifth straight month to its lowest
level since February 2010. Gold is managing a mere .82% drop on the day
but the rest of the metals are seeing declines
of more than 1%. Platinum is now trading at $1610, down more than 1.5%
and palladium is down sharply to $637, down ~5% in early trading.
Platinum has fallen from its day high of $1637 but continues to see
support at current levels as concerns about wage disputes
spreading across South Africa provide some downside resistance. Have a
great day!
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