-- Posted Wednesday, 17 October 2012 | | Disqus
Today’s AM fix was USD 1,747.75, EUR 1,333.86 and GBP 1,082.33 per ounce.
Yesterday’s AM fix was USD 1,737.50, EUR 1,337.36 and GBP 1,080.40 per ounce.
Gold rose $11.25 or 0.65% in New York yesterday and closed at $1,747.65. Silver rose to 26 cents to close at $32.95 for a gain of 0.8%.
Both precious metals saw further gains in Asia prior to determined selling saw prices gradually fall back late in the Asian trading day and in early European trading.
Goldcore’s Head of Research, Mark O’Byrne was interviewed on Bloomberg Television's "The Pulse" with Guy Johnson about his outlook for gold.
Gold looks like it may rise in November after the anticipated October correction and could rise above $2,500/oz by March 2013 or by September of 2013 due to fiat currency debasement and concerns about all fiat currencies.
Longer term, respected analysts are calling for gold prices above $5,000/oz and much higher forecasted prices such as between $5,000 and $10,000 per ounce are not raising eyebrows as much as they have in the past.
Bloomberg TV Interview of GoldCore’s Mark O’Byrne - Bloomberg
SILVER
Silver is trading at $32.96/oz, €25.35/oz and £20.50/oz.
PLATINUM GROUP METALS
Platinum is trading at $1,646.50/oz, palladium at $636.50/oz and rhodium at $1,160/oz.
For breaking news and commentary on financial markets and gold, follow us on Twitter
GoldCore Limited
Ireland:
14 Fitzwilliam Square
Dublin
United Kingdom:
No. 1 Cornhill
EC3V 3ND UK
IRL +353 (0)1 632 5010
UK +44 (0)203 086 9200
US +1 (302)635 1160
Twitter, Facebook, YouTube, LinkedIn:
Linkedin - www.linkedin.com/pub/mark-o-byrne
Twitter - www.twitter.com/goldcore
Facebook - www.facebook.com/GoldCore
Youtube - www.youtube.com/GoldCoreLimited
-- Posted Wednesday, 17 October 2012 | Digg This Article
| Source: GoldSeek.com
