Gold News & Info

Source: Dana Samuelson, American Gold Exchange

Austin, TX— Precious metals were mixed today. Gold eased a bit further after yesterday�s sell off, silver and platinum were virtually unchanged while palladium rose over 1%. During the New York session, September palladium reached $845, its highest price since August of 2011. Striking miners in South Africa continue to help buoy palladium (and platinum) prices, exacerbating already existing supply deficits in both metals. The supportive fundamentals for platinum and palladium, in particular, continues to attract speculative monies into these markets with Bloomberg reporting that ETF�s backed by platinum rose 11 percent this year while those in palladium surged 29 percent this year.

At the Comex close: June gold fell $6.20 to $1,259.30; July silver dropped lost 4 cents to $19.03; July platinum gained 40 cents to $1,462.70; and June palladium gained $9.20 to $839.85 an ounce.