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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold: The top performer in precious metals

Posted on 04 October 2011

Price action closed the week on a mixed note with Silver and Palladium prices losing further ground, Platinum settling unchanged, while Gold edged higher. Over the quarter, gold was the only precious metal to close in positive territory, gaining 8%.
Gold closed 0.6% up at $1623.3/oz on Friday despite the dollar strengthening against the euro to levels last seen in January. Gold has found support on the downside from physical demand ahead of the week-long national holiday in China. Gold prices remain above those of platinum, despite platinum prices closing in on the average cost of production……………………………………….Full Article: Source


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