Stock
market and currency turmoil continues to drive safe haven investment
with a further 250 k oz of gold added to ETF holdings yesterday,
bringing the global total to 50.5 mm oz. Silver and platinum are
benefiting from gold’s stellar
performance but the gold silver ratio has moved out to 79 and platinum
continues to trade at a $272 discount to gold. Palladium remains the
laggard with only a 1% rally from yesterday’s close.
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