Sunday, January 8, 2012

Platinum

129667837440615392_342Canada Royal Bank capital markets (RBC Capital Markets) and Vice President, global futures trading precious metals strategist George Gero on Friday (November 25) said that Hungary was Moody (Moody "s) lowered the sovereign credit ratings, and Portugal sovereign credit ratings by Fitch(Fitch) cut, so the euro gained momentum swtor power leveling, the dollar's strength. Gero says weak euro, the dollar makes commodities market under pressure, and gave rise to United States gold futures sold off. He also said that because the United States finished just after Thanksgiving Day star wars the old republic power leveling, gold futures market reaction is not very strong. He also claimed that other metals commodities such as copper, Platinum, Palladium will be goldHedging transaction is a mining enterprise.   Gero says, the price of Gold support level at 1,650 dollars an ounce, the pressure at 1,725 dollars/ounce. Beijing 2:33,COMEX 1680.25 USD/oz Gold Futures quotations.

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