Today’s AM fix was USD 1,378.50, EUR 1,030.35 and GBP 880.32 per ounce. Yesterday’s AM fix was USD 1,386.00, EUR 1,038.59 and GBP 881.79 per ounce.
Gold was little changed on Tuesday as investors awaited guidance from a Federal Reserve meeting on the outlook for the bank's still incredibly ultra-loose stimulus program, amid mixed U.S. economic data.
Uncertainty about the tenure of Federal Reserve Chairman Bernanke and the possibility of his early retirement may lead to increased risk aversion, which will support gold.
Platinum’s fundamentals look increasingly strong and platinum is an attractive diversification for bullion owners looking to further diversify the precious metals component of their investment and savings portfolio.
A record deficit in platinum supplies is set to push prices higher, as unrest sweeps the South African mining industry and demand is boosted by the auto sector and a new exchange traded fund (ETF), according to HSBC, as covered on CNBC (see Commentary).
Platinum in USD – 10 Year