Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Nearly 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 16 2018
By: Ira Epstein

Silver Slumps, US Military Weak, and PTJ Says We Are headed For Scary Moments
By: David Morgan

Slowly We Turn... Gold vs.
By: Gary Tanashian

COT Gold, Silver and US Dollar Index Report - November 16, 2018
By: GoldSeek.com

GE, Nvidia, Nordstrom, Bitcoin All Tank, And The Fed Notices
By: John Rubino

Years of Recklessly Low Interest Rates Causes Inflation to Soar
By: Nathan McDonald

Gold Miners’ Q3’18 Fundamentals
By: Adam Hamilton, CPA

GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek
By: radio.GoldSeek.com

Is Gold Under or Overpriced?
By: Arkadiusz Sieron

 
Search

GoldSeek Web

 
Palladium, Gas And Wheat Surge On Russian Supply Fears


 -- Published: Monday, 14 April 2014 | Print  | Disqus 

Today’s AM fix was USD 1,324.50, EUR 958.05 & GBP 792.21 per ounce.
Friday’s AM fix was USD 1,317.25, EUR 948.62 & GBP 785.71 per ounce.

Gold dropped $0.20, or 0.015%, by close of trading on Friday to $1,317.80/oz, but showed a gain of 1.10% on the week. Silver lost $0.10 on Friday, closing at $19.95/oz with a 0.5% loss on the day but a small gain of 0.05% on the week.


Palladium in U.S. Dollars - 20 Years (Thomson Reuters)

Palladium surged 1.7% for a fifth straight session on Monday to its highest since August 2011 on growing fears that supply would be hurt by more U.S. sanctions on top producer Russia and prolonged labour strikes in world number two producer, South Africa.

Gold jumped to a three-week high as mounting geopolitical tensions in Ukraine curbed risk appetite, sending equities lower and boosting bullion's safe-haven appeal.

Gold, silver, palladium, platinum and oil rose while European stocks fell for a third day after Russia called an emergency session of the United Nations Security Council amid worsening violence in Ukraine and a drift towards civil war. Clashes between Ukrainian forces and pro-Russian gunmen turned deadly this morning.

Platinum gained about 1% to its highest in nearly a month as labour strikes continued in South Africa.

Commodities in general climbed to a five-week high with the Standard & Poor’s GSCI gauge of 24 raw materials rising 0.6% in London, after earlier climbing to the highest level since March 3.


Palladium Mine Production By Country 2004 to April 2014 (Thomson Reuters)

U.K. natural gas, the European Union’s benchmark contract, climbed for a fourth day to the highest since march 27. Europe gets about a third of its natural gas from Russia, half of it through Ukraine.

Wheat surged 3.3%, nickel jumped to the highest since February 2013 and U.K. natural gas surged 2.4%.

The Stoxx Europe 600 Index dropped 0.8% and S&P 500 Index (SPX) futures slipped 0.3%.


Palladium Supply and Demand - 2004 to April 2014 (Thomson Reuters)

Relations between Russia and the West are at their worst since the Cold War. Some Western governments believe Russia is preparing to take control of eastern Ukraine.

The United States is prepared to step up sanctions against Moscow if pro-Russian military actions in eastern Ukraine continue, a senior U.S. envoy said, with the sanctions set to target mining, banking and energy, among other sectors.

There is the real risk of a civil war where the old Cold War powers support rival factions by proxy. Another significant risk is of economic and trade war morphing into financial and currency war.

Palladium has outperformed other precious metals this year, gaining about 14% supported by fears over Russian supplies, and growing demand in the auto sector.

Gold and the precious metals are likely to see more gains as tensions over Ukraine are set to continue and look like they could deteriorate further.

Officials from the U.S. and Russia blamed each other at yesterday’s UN Security Council meeting for violence that left at least one Ukrainian serviceman dead

Five shares declined for every one that advanced in the Stoxx 600, with trading volumes 8.2% higher than the 30-day average, according to data compiled by Bloomberg. The MSCI Emerging Markets Index slid 0.6 percent, declining for a second day.

S&P 500 futures were little changed after the index slumped 2.7% last week, with the Nasdaq Composite Index losing 3.1%, the most since June 2012.

Protect And Grow Your Wealth > The Essential Guide To Storing Gold In Singapore


| Digg This Article
 -- Published: Monday, 14 April 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.