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.

Wednesday, December 11, 2013

Gold saw a spike yesterday due to a weaker dollar and a short covering rally.

Gold saw a spike yesterday due to a weaker dollar and a short covering rally. Funds wanted to cover their short positions before the Fed’s policy meeting on Dec 17-18th. Stops went through AU at the 1250 level.  We still expect to see some downward pressure on the yellow metal as there are talks about tapering happening as early as this month. Labor tensions continue in South Africa, the world’s largest producer of Platinum. The AMCU already received permission to strike at Anglo and Impala, but now they even got permission from a government mediator to strike at Lonmin. The precious metals market was able to hold its momentum yesterday as AU, PT, PD, AG futures settled at 1261.10, 1388.70, 738.45, 20.315 respectively. Financial regulators have finally approved the long awaited Volker rule! The purpose of the Volker rule is to restrict banks from engaging in risky investments with the firm’s money for their own benefit (proprietary trading). Have a wonderful day
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