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Precious Metals ‘Perfect Storm’ As MSGM Risks Align

from Gold Core:

Today’s AM fix was USD 1,666.50, EUR 1,329.16, and GBP 1,051.88 per ounce.

Yesterday’s AM fix was USD 1,662.50, EUR 1,324.07and GBP 1,047.57 per ounce.

Silver is trading at $30.37/oz, €24.36/oz and £19.25/oz. Platinum is trading at $1,541.00/oz, palladium at $642.50/oz and rhodium at $1,025/oz.

Gold climbed $14.60 or 0.88% in New York yesterday and closed at $1,669.40. Silver surged to a high at $30.81 and finished with a gain of 2.28%. The precious metals have broken out this week with sharp gains being seen in all four precious metals.

Silver as expected led the gains and surged 8.55% in the week, palladium is up 6%, platinum 5% and gold up 3%. Gold gave back some gains on Friday but it’s still set for its biggest weekly rise in more than 2 months due to the very strong fundamentals.

Read More @ GoldCore.com

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