Today’s AM fix was USD 1,656.75, EUR 1,232.43, and GBP 1,052.77 per ounce. Friday’s AM fix was USD 1,670.25, EUR 1,243.39, and GBP 1,058.93 per ounce.
Silver is trading at $30.90/oz, €23.08/oz and £19.74/oz. Platinum is trading at $1,689.00/oz, palladium at $741.00/oz and rhodium at $1,200/oz.
Gold fell $8.80 or 0.53%% in New York on Friday and closed at $1,658.90/oz. Silver saw an initial gain hitting $31.77 in Asia, but it then slipped to a low of $31.11 in New York and finished with a loss of 1.45%. Gold was down 1.50% on the week, while silver fell a further 2.01%.
Gold was slightly lower on Monday, as the poor short term technical picture dimmed bullion’s safe haven appeal.
European banks will repay more than €130 billion of crisis loans to the European Central Bank next week, making payments earlier than expected.
European leaders still warned that, although the single currency has stabilized, the crisis in Europe has not abated, noting it will take years to recover and highlighted the mass unemployment on the continent. The euro is now on an eleven month high verses the U.S. dollar.