Friday, September 13, 2013

GLD ETF Investors Unable To Get Physical Gold

Today’s AM fix was USD 1,340.25, EUR 1,008.54 and GBP 847.46 per ounce.
Yesterday’s AM fix was USD 11,365.25, EUR 1,028.98 and GBP 865.73 per ounce.
Gold fell $.20 or .02% yesterday, closing at $1,364.60/oz. Silver rose $0.18 or .78%, closing at $23.14. At 0.11 GMT, Platinum climbed $1.89 or .1% to $1,469.49/oz, while palladium fell $3.04 or .4% to $688.47/oz.
Gold prices fell sharply again just prior to European markets opening, in aggressive selling which saw gold quickly fall from $1,355/oz to $1,343/oz at 0754 GMT. Support at $1,360/oz was breached overnight and gold should now test support at $1,320/oz.

Gold In US Dollars, 60 Days - (Bloomberg)

Gold prices are now at the lowest in almost three weeks
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