Tuesday, March 11, 2014
Very quiet day yesterday in the markets due to limited news. Platinum, Palladium & Silver traded on the downside yesterday with the exception of gold.
Very quiet day yesterday in the markets due to limited news. Platinum,
Palladium & Silver traded on the downside yesterday with the
exception of gold. Currently, all the precious metals are trading in the
positive territory. Investors are
meticulously watching on how long gold will sustain its rally until
we see a dramatic drop In prices amid easing tensions in Ukraine. The
ongoing chaos continues to lift gold prices this morning based on news
that shots are being fired in Crimea. As long
as nervousness, uncertainty, and fear exists about the situation, gold
should continue to see gains. A negotiation has still not been reached
between the AMCU and the three Platinum producers. The Johannesburg
Sunday Times mentioned that the weak negotiation
skills of the CCMA members made it difficult for the parties to come to
terms.
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