Recent Bullion News

Currency traders eye Swiss vote on gold holdings

A referendum that would force the Swiss central bank to hold a fifth of its assets in gold could rock foreign exchange markets, analysts have warned.

 

Gold holds near $1,230 ahead of Fed

Gold steadied near $1,230 an ounce on Wednesday, clinging to modest gains from the previous session, ahead of the next guidance from the Federal Reserve on whether it will hike U.S. interest rates sooner or keep them lower for longer.

Bullion Price Movement

Spot Prices as of close of trading in New York

Wednesday, October 29, 2014

 

 

ECB Fails 25 Banks as Italy Fares Worst in Stress Test

Twenty-five lenders including Banca Monte dei Paschi di Siena SpA failed a stress test led by the European Central Bank, which found the biggest capital hole in the region’s banking system in Italy.

Gold & Silver price increase whilst PGM’s are weaker

Precious metals were mixed yesterday with gold and silver both off 0.4 percent at $1,225.90 and $17.10, while the PGMs were stronger with palladium up 0.8 percent at $782 and platinum up 1.1 percent at $1,255.