Today’s AM fix was USD 1,321.75, EUR 978.71 and GBP 824.34 per ounce.
Friday’s AM fix was USD 1,355.25, EUR 1,002.18 and GBP 845.39 per ounce
Friday’s AM fix was USD 1,355.25, EUR 1,002.18 and GBP 845.39 per ounce
Gold dropped $39.30 or 2.92% Friday, closing at
$1,325.30/oz. Silver slid $1.27 or 5.84%, closing at $21.74. At 3:32 EDT
Friday, Platinum fell $31.30 or 2.1% to $1,427.50/oz, while palladium
slipped $18.53 or 2.5% to $713.97 /oz. Gold was up 0.16% and silver was
down 2.03% on the week.
Gold has been up and down in choppy trading in London today
as investors digest the U.S. Fed's decision to wait on tapering until
perhaps next month. Comments on Friday from James Bullard, the St. Louis
Federal Reserve Bank President affected the markets. He said, “a
reduction of the Fed's $85 billion monthly bond purchase program
beginning in October was possible and that the Fed can be patient in
deciding when to scale back its pace of asset purchases”.
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