Otmane El Rhazi from
The Bullion Desk.
- The gold price has higher in London trading following a cross-complex washout in the previous session that reflected the fading of a run of bullish factors.
- It had dropped 2.7 percent to a two-week low at $1,251.60 late on Thursday when investors liquidated positions. Silver also recorded large losses, slumping as much as seven percent at one stage at $16.74, a two-week low, slipping from an intraday high of
- Gold had rallied as much as 10 percent at one stage this month, bolstered by a range of bullish factors including uncertainty in the eurozone, the Greek elections and the prospect of a delayed US interest-rate rise, however following the Fed’s January sta
- In the other metals, silver was last up six cents at $17.00 per ounce, platinum was at $1,220 and palladium at $778
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