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from Gold Silver Worlds: This is a quick update on the physical demand frenzy in the East. According to Mineweb gold imports to India ”jumped by 138% in April to $7.5 billion, massively pushing up the trade deficit. In April 2012, gold and silver imports stood at $3.1 billion.” That has accelerated the worries of the Indian government who has been fighting the current account deficit (which is the difference between inflows and outflows of foreign currency) caused by surging [...] From GoldCore: Gold’s London AM fix this morning was USD 1,646.50, EUR 1,258.41, and GBP 1,030.80 per ounce. Friday’s AM fix was USD 1,652.00, EUR 1,255.51 and GBP 1,035.54 per ounce. Silver is trading at $31.61/oz, €24.16/oz and £19.78/oz. Platinum is trading at $1,577.25/oz, palladium at $656.90/oz and rhodium at $1,350/oz. Cross Currency Table – (Bloomberg) Gold fell $1.50 or 0.09% in New York and closed relatively unchanged at $1,650.20/oz yesterday. Gold traded sideways prior [...] From GoldCore: Gold To Repeat April, May and Q2 / Q3 2011 Gains in 2012? Gold’s London AM fix this morning was USD 1,670.50, EUR 1,269.86, and GBP 1,048.91 per ounce. Yesterday’s AM fix was USD 1,655.50, EUR 1,261.33 and GBP 1,039.04 per ounce. Silver is trading at $32.39/oz, €24.53/oz and £20.27/oz. Platinum is trading at $1,597.50/oz, palladium at $644/oz and rhodium at $1,350/oz. Cross Currency Table – (Bloomberg) Gold rose $17.10 or 1.03% in New [...] |
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