Gold was steady above $1,060 per ounce on Thursday as the dollar's weakness and oil's strength maintained the precious metal's appeal. Gold rose to new peaks above $1,070 per ounce on Wednesday as the greenback continued to slide against a basket of six currencies, although there were worries that the metal may have become overbought.
Spot silver was at $17.88, up a touch from $17.85. It recently hit a 15-month high of $18.07. The world's primary silver producer Fresnillo said it sees silver near $17-$18 an ounce for the rest of 2009. Platinum was at $1,357.50 compared to $1,358, while its sister metal palladium was flat at $326.50. Platinum recently hit a 13-month high of $1,362.50 and palladium a 14-month peak of $333.
Comments
Comments are closed.