Today’s AM fix was USD 1,691.75, EUR 1,321.58, and GBP 1,058.80 per ounce. Yesterday’s AM fix was USD 1,679.00, EUR 1,313.05, and GBP 1,050.82 per ounce.
Silver is trading at $31.39/oz., €24.60/oz. and £19.71/oz. Platinum is trading at $1,549.75/oz., palladium at $611.80/oz. and rhodium at $1,070/oz.
Gold climbed $6.10 or 0.36% in New York yesterday and closed at $1,684.10. Silver hit a low of $30.64 in Asia, but it ran up to $31.24 in New York and finished with a gain of 0.78%.
Gold is relatively unchanged on Tuesday as investors await the US presidential election results, and remain cautious with news of Greece’s two-day general strike against the new austerity package plus the upcoming Chinese leadership transition.
A Romney victory would weigh on gold bullion with a potential for a tighter stance on monetary policy.
The Chinese 18th Communist Party Congress is set to open on Thursday.
The French government received a written warning from the International Monetary Fund to reform its economy or it may follow other crisis hit EU nations. The IMF’s economic growth figures for France were 0.4% which is half of what Paris is predicting for next year.
The Royal Mint of Britain is going to offer a vaulting service to high net worth clients.
“We will offer a vaulting service to our larger customers,” Shane Bissett, director of bullion and commemorative coin at the Royal Mint, said in a telephone interview today. “At some stage in the future we may look at offering that to individuals.”