Gold & Silver Market Morning
news.goldseek.com / Julian D.W. Phillips for the Gold & Silver Forecasters / March 18, 2015
Gold Today –New York closed at $1,148.50 down $6.40 with Asia holding it there and then London fixing it at $1,149.00, down $5.75 and in the euro, at €1,080.497, down €7.03, while the euro was slightly better at $1.0634. Ahead of New York’s opening, gold was trading in London at $1,151.00 and in the euro at €1,084.21.
Silver Today – The silver price closed at $15.56 down 1 cent. Ahead of New York’s opening it was trading at $15.53.
Gold (very short-term) The gold price will consolidate in New York, today, before a strong move.
Silver (very short-term) The silver price will consolidate in New York, before a strong move.
Price Drivers
There were sales of 2.687 tonnes of gold from the SPDR gold ETF but none from the Gold Trust on Tuesday. The holdings of the SPDR gold ETF are at 747.983 tonnes and at 164.02 tonnes in the Gold Trust.
The sales occurred twice in the day and were conducted in a way that suggests the seller wanted lower gold prices.
The post Gold & Silver Market Morning appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/03/18/gold-silver-market-morning-55/
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