Thursday, 10 January 2013

U.S. May Default On Debt As Soon As February 15 - GoldCore Blog

Today’s AM fix was USD 1,663.00, EUR 1,269.37 and GBP 1,036.65 per ounce.

Yesterday’s AM fix was USD 1,663.50, EUR 1,272.37 and GBP 1,035.35 per ounce.

Silver is trading at $30.53/oz, €23.40/oz and £19.10/oz. Platinum is trading at $1,613.50/oz, palladium at $693.00/oz and rhodium at $1,150/oz.

Cross Currency Table – (Bloomberg)

Gold edged off $0.80 or 0.05% in New York yesterday and closed at $1,657.40/oz. Silver climbed to $30.57 in Asia then slipped back to $30.05 by late morning in New York, but it also rallied back higher in afternoon trade and finished with a loss of just 0.07%.

Gold, 1 Month Chart – (Bloomberg)

President Barack Obama will nominate White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner.  Lew’s nomination as Treasury secretary is subject to Senate confirmation.

Gold inched higher on Thursday, as market watchers await a rate decision by the European Central Bank at 12.45 GMT. European Bank Chief, Mario Draghi’s news conference is at 1330 GMT.

The Bank of England continued ultra loose monetary policies today by keeping interest rates at 0.5% as concerns about persistently high inflation trump signs of a renewed economic downturn.

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