Today’s AM fix was USD 1,667.00, EUR 1,259.25 and GBP 1,024.96 per ounce. Yesterday’s AM fix was USD 1,674.50, EUR 1,261.49 and GBP 1,027.87 per ounce.Cross Currency Table
Precious metals remained under pressure yesterday and closed with losses for both gold and silver. Gold closed down 0.2% or $3.50 to $1669.30/oz. Silver closed with a loss of 1.7% - down 54 cents to $31.10/oz.Gold Spot $/oz. and 100, 200 and 465 Day SMAs– September 2011 To Today
Prices again crept gradually higher in Asian trading prior to some retrenchment in early European trading but dollar weakness was supporting gold and silver.
Further weakness could be seen and it is worth noting that gold and silver saw considerable weakness last December (see chart above) and both bottomed near year end on December 29th prior to strong gains in January 2012.