Precious metals are trading lower early in the Asian session, with gold moving in and out of positive territory. The GOLD fell 2.3% in the spot market overnight on renewed investor demand for cash that pushed prices lower. Spot silver sank 5.5% overnight. A sharp weakening of the EUR after relative calm in currency markets rattled metal traders. Spot gold is at $1,555/oz, down $1.30 from New York’s informal close, silver is at $27.06/oz, down 9 cents, platinum is at $1,378/oz, down $7 and palladium is at $633/oz, down $5.
EasyForexNews Research Team