Gold Steady as Dollar Continues to Weaken
Source: Market Oracle, GoldCore (7/21/09)
"Activity in gold ETFs has been particularly positive. . ."
Silver: Silver has followed suit, mirroring the fortunes of gold. After trading in the high $13.60s yesterday, silver has also been affected by the slight strengthening of the dollar and has dipped to $13.60/oz. A break above $14/oz could see silver quickly challenge the recent highs at the $16/oz mark.
Platinum group metals: Platinum is up in early morning trading, a small $2 to $1183/oz. A sustained hold above $1,200/oz would be a positive signal for this metal. Palladium pushed through $250/oz yesterday, an important benchmark and is currently trading at $252/oz. After a couple of weeks of downward momentum, rhodium has gained overnight and is currently trading at $1,375/$1,500/oz.