| Lack of agreement by key OPEC members yesterday to pledge cutbacks ahead of Thursday OPEC meeting sent oil prices lower and that led to an intraday sell-off in bullion, but prices recovered by the close, ending up 0.7 percent on average, with platinum up the most with a 1.2 percent gain in price to $1,220 and gold finished up 0.4 percent at $1,201.40.
This morning - Precious metals are mixed with bullion prices off 0.1 percent, with the gold price at $1,199.80 while the PGMs are up 0.3 percent. Interestingly silver has been outperforming gold as silver has been extending gains as seen by the weaker gold/silver ratio – this bodes well for bullion generally.........................................Full Article: Source
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