Today’s AM fix was USD 1,613.50, EUR 1,208.80 and GBP 1,041.57 per ounce. Yesterday’s AM fix was USD 1,611.25, EUR 1,206.39 and GBP 1,041.53 per ounce.
Silver is trading at $30.13/oz, €22.68/oz and £19.56/oz. Platinum is trading at $1,700.25/oz, palladium at $765.00/oz and rhodium at $1,245/oz.
Gold slipped 0.1% to $1,607.06/oz on Monday after falling as low as $1,598.04/oz on Friday, its weakest since August.
Gold inched up Tuesday morning, however the dollar’s rise to a one-month high limited bullion’s gains.
European markets are cautious ahead of Italy’s elections on Feb. 24-25, including candidate and former Prime Minister, Silvio Berlusconi. Mario Draghi urged finance chiefs from the G-20 to be “prudent” when talking about currency movements.
The Bank of Japan’s minutes to their policy meeting noted that the government’s asset purchasing plan could continue for five years.
The U.S. Federal Reserve’s policy minutes are available tomorrow, and will be closely scrutinized.
India's duties on gold imports may increase in an effort to decrease the country’s account deficit said an employee from the largest state run gold importer.
More violence in South Africa as four security guards were disfigured with machetes and at least 13 people were injured, in a labor fight at Anglo American Platinum.
Iran said it will not close the Fordow nuclear plant yesterday. Ramin Mehmanparast, spokesman for Iran's foreign ministry, commented that the reported offer was unacceptable. However, they are ready for logical negotiations, he noted.