– Fall 2015 turning point – civil unrest and riots globally says forecaster Armstrong – Fed have to raise rates – due to pressure from congress and media – By 2020 the cost of servicing U.S. debt will outpace defence spending – European banks will collapse and “blood in the streets” – Higher rates will […]
Today’s AM fix was USD 1,222.75, EUR 891.22 and GBP 750.89 per ounce.
Yesterday’s AM fix was USD 1,243.50, EUR 902.79 and GBP 758.51 per ounce.
Gold fell $26.40 or 2.11% yesterday, closing at $1,226.50/oz. Silver slid $0.79 or 3.89% closing at $19.52/oz. Platinum dropped $19.01, or 1.4%, to $1,360.74/oz and palladium fell $20 or 2.7%, to $715.25/oz.
Gold has spiked higher in late morning trade in London and is 0.6% higher on the day and 0.35% higher for the week. A higher weekly close this week will be positive from a technical perspective.
