Monday, January 14, 2013

Gold up 0.5%; platinum ends at three-month high Market awaits Fed hints on policy; platinum nears parity with gold

SAN FRANCISCO (MarketWatch) — Gold futures settled higher Monday, as the market looked to this week’s speeches by Federal Reserve officials for hints on their next move regarding U.S. monetary policy. Climbing platinum futures, meanwhile, moved near price parity with gold on supply concerns ahead of financial results and a review of operations from Anglo American Platinum Ltd. ZA:AMS -2.65% AGPPY -3.33% . The world’s largest producer was beset by strikes last year at its South African mines. Gold for February delivery GCG3 +0.36% advanced $8.80, or 0.5%, to settle at $1,669.40 an ounce on the Comex division of the New York Mercantile Exchange. Silver for March delivery SIH3 +2.05% also advanced, rallying 70 cents, or 2.3%, to $31.11 an ounce ...- in MarketWatch

1 comment:

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