Precious Metals

Precious Metals

Wednesday, 17 March 2010

Trading Metals: Markets & Prices

Trading Metals in Precious Metals Markets can be tough and difficult to gain profit. Lacking of information and news about Future Markets can lead to the losses and risks. Here, this is about the moves in Precious Metals Markets.
Precious metals had a very tough & difficult week as prices pulled back significantly with gold trending down to $1,100 and Silver briefly trading below $17. The USD slid by a very small percentage against other major currencies but this did not impact the gold market as prices still declined and fell. Silver Future still looks to be the better play with prices stabilizing better than gold, but it is interesting how the Euro seems to be breaking out a bit from the USD trading at $1.3760 - its highest level in 3 weeks. “Gold cannot muster any movement to the upside. I still see gold trying to trend lower below $1,100 before getting back on its feet. Look to buy some dips below $1,100 here with silver a potential play at $16.”

Wednesday, 3 March 2010

Gold Drops for First Day in Six Amid Pause in Dollar’s Weakness

According to Bloomberg, "Gold dropped for the first time in six days as investors sold the metal to lock in gains after the longest rally in five months." Trading Metals in Precious Metals Markets can be difficult to grain profit...

-Gold fell as much as 0.3 percent to $1,136.70 an ounce, and traded at $1,137.70 at 9:41 a.m. in Singapore.
-Bullion gained 3.8 percent in the past five days, the longest winning streak since the five days ending Oct. 8.

There was not much change in The Dollar Index today. However, in two weeks the dollar dropped against a basket of six currencies, including the euro and pound.

Among other Precious Metals for immediate delivery:
-Silver Futures - Silver fell 0.2 percent to $17.1675 an ounce
- Platinum slid 0.4 percent to $1,573 an ounce
-Palladium was little changed at $448.88 an ounce.
Don't forget to watch the Video...

Source: CNBC
Source: Bloomberg