Gold Struggles to Stay Above $940
Commodities / Gold & Silver 2009 Jun 30, 2009 - 08:36 AM GMTBy: GoldCore
Gold: Tomorrow heralds the beginning of a new quarter and given the amount of woeful economic news that has appeared lately, it would seem that the fabled “green shoots” have been given a dose of weed-killer. Gold is determinedly staying above $940 on the back of the above news and with the dollar crumbling, record highs cannot be far away. Gold is currently $941/£566/€666.
Silver: Silver is also holding its own above $14. Prudent investors will be tracking the trajectory of gold in the coming weeks with a view to adding gold’s cheaper cousin to their portfolio. Silver is currently trading at $14.06/£8.46/€9.95
Platinum Group Metals: Platinum is gaining ground and is pushing to break through the $1,200 level to cancel out last week’s losses. Palladium is showing signs that if a decent stay above $250 occurs then a push to the mid $270’s is imminent. Rhodium is also gaining ground adding $75 to its bid price in the last 2 days, currently trading at $1400/$1500.
Bullion Services Team
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