Monday, March 31, 2014
All the metals are trading on the upside across the board with the exception of gold.
All the metals are trading on the upside across the board with the
exception of gold. Silver, Platinum, Palladium up .18%, .85%, and .66%
and Gold down .15% . Gold was down approximately 3% in the month of
March amid Janet Yellen’s hawkish
statement that eroded interest in the non-yielding asset. Yellen will
speak in Chicago today and investors will be listening for her stance on
rates. Platinum continues to see support due to supply concerns since
the strike has still not come to an end. Overall,
the interest for physical gold has been quiet despite the lower prices
with the exception of Japan, which saw an escalation in demand for the
shiny yellow metal before the nation’s consumption tax rises tomorrow.
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