Tuesday, August 26, 2014
Yesterday was a very quiet day in the market.
Yesterday was a very quiet day in the market. Peace talks between Russia
and Ukraine look like they should keep a damper on any attempts to the
upside for gold but there is still no confidence that there will be any
success. Concerns that
the ECB will begin a more expansive monetary policy has raised demand
for the yellow metal this morning driving the price higher. Finally the
positive Consumer Confidence combined with the jump in Durable Goods
report this morning up 22.6% will certainly keep
gold from any substantial rally. The positive US numbers are supportive
for demand of the more industrial aspects of Pt, Pd and Ag.. Palladium
remains firm in the face of the Ukraine and Russian talks which may be
an indication of what confidence level for
peaceful resolution to a conflict that has seen over 2,000 deaths to
date.
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