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Palladium Wins Another Week Of Geo-Politics

Posted on 05 September 2014

Although it’s been relatively quiet due to the holiday season, Palladium has been the winner this week, while for GoldMoney customers, Silver has also outshone its glittering yellow cousin. Dealing Manager at the online precious metals trader, Kelly-Ann Kearsey, said: “Activity has been as you’d expect for this time of year, although it’s picked up on last week and we’ve still got more buyers than sellers. Among our customers we’ve seen some significant silver purchases, which have gone into the eastern vaults, most particularly Hong Kong, but muted interest for gold.”
Geo-political concerns are undoubtedly one of the major influencers on the market at the moment. Despite the strength of the dollar the concerns have supported the gold price at the 1300 level………………………………………..Full Article: Source


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