Otmane El Rhazi from
The Bullion Desk.
- It has been a quiet week for precious metals this week, amidst a relatively lower level of volatility in the markets.
- Gold has made modest gains today, with a spate of forecast-missing European manufacturing numbers having a limited impact on currency markets.
- A lack of real catalysts in the market at the moment, there are obvious concerns over Greece and some may be looking ahead to next week’s FOMC, but relatively little data around at the moment to impact the markets.
- The spot gold is up to around $1,190 per ounce, but down below that key $1,200 level where we were at the beginning of the week.
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