Gold’s London AM fix this morning was USD 1,648.25, EUR 1,266.03, and GBP 1,040.69 per ounce. Friday's AM fix was USD 1,670.50, EUR 1,269.86 and GBP 1,048.91 per ounce.
Silver is trading at $31.48/oz., €24.16/oz. and £19.87/oz. Platinum is trading at $1,571.50/oz., palladium at $638/oz. and rhodium at $1,350/oz.Cross Currency Table – (Bloomberg)
Gold fell $19.10 or 1.14% at the close in New York on Friday and closed at $1,656.10/oz. Sharp and rapid falls on high volume were seen in the last few minutes on the Comex. The selloff was unusual with some 10,000 contracts worth some $1.5 billion traded and there were no corresponding moves in foreign exchange, equity, bond or commodity markets.Spain 10 Year Bond – 2 Years (Daily)
The weakness seen on the Friday Comex close continued in Asia when gold fell to as low as $1,640.50/oz. prior to a slight bounce on European trading.