Mark O'Byrne | May 30, 2012 08:58AM ET
Gold’s London AM fix this morning was USD 1,548.75, EUR 1,244.98, and GBP 995.41 per ounce.
Yesterday's AM fix was USD 1,573.75, EUR 1,254.48, and GBP 1,003.67 per ounce.
Gold fell 0.89% or $14.00 in active trading yesterday and closed at $1,558.80/oz. Gold fell marginally in Asia but remains in a tight range. In European trading gold is hovering near the $1,550/oz level.
OTHER NEWS
(Reuters Global Gold Forum) -- In a note this morning, Barclays Capital says that from a technical perspective, it is neutral on gold and silver in the medium term. "The lows near 1520 underpin our greater bullish view for gold," it said. "Near term we expect a range to unfold under 1620. We are also bullish for silver while above 26.00. Our initial upside targets for silver are in the 29.00 area."
(Reuters Global Gold Forum) -- The world's biggest silver-backed exchange-traded fund, New York's iShares Silver Trust , reported a heftyish 45-tonne outflow yesterday, its biggest one-day outflow since May 9, when its holdings declined by more than 120 tonnes.
(Bloomberg) -- Standard Chartered Says Platinum Prices Are ‘Oversold for Now’
Platinum is “oversold for now,” partly on concerns about output in South Africa, Standard Chartered Plc said in a report e-mailed today.
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