Serj Panchuk
Yesterday, on August 28th, precious metals closed multidirectional. In particular, COMEX (New York) saw gold closing at $1667,6/oz, while silver closed at $31,0/oz, platinum - $1524/oz, palladium - $643/oz.
Today, precious metals are trading as follows:
Gold has already dropped 0,03% down to $1669,10/oz. Silver is 0,15% down to $30,79/oz. Platinum has gained 0,20% and is no trading around $1522,00/oz. Palladium costs $637,00/oz after depreciating by 0,07%.
Despite the decline, investors stay positive. More experts expect this year to show the most continued price rally in 24 months on economic stimuli in the USA and China (if any). The prices may gain up to 15% (y/y).
The chart below, courtesy of , reflects the current state of affairs in the market of gold futures. The price may resume the mid-term rally on breaking above $ 1677/oz.
Serj Panchuk
