Today’s AM fix was USD 1,688.00, EUR 1,269.08, and GBP 1063.58 per ounce. Friday’s AM fix was USD 1,690.00, EUR 1,265.82, and GBP 1,060.49 per ounce.
Silver is trading at $31.98/oz, €24.10/oz and £20.21/oz. Platinum is trading at $1,672.00/oz, palladium at $716.00/oz and rhodium at $1,200/oz.
Gold was up 1.26% for the week and silver was up 4.60%. Gold fell $2.80 or 0.17% in New York on Friday and closed at $1,684.10/oz. Silver surged to a high of $32.11 before it also edged off, but it still finished with a gain of 0.47%.
Gold inched up on Monday on concerns about currency debasement and even looser monetary policies to be announced from the Bank of Japan.
BOJ is examining an open-ended pledge to buy assets until a 2% inflation target is near, which is pushing the yen to a 2½-year low. Gold bullion on the TOCOM soared to match a multiyear record of 4,911 yen a gram before giving up gains.
Physical gold demand is also ramping up in Asia with the upcoming Lunar New Year festivities just around the corner on Feb. 10.