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PRECIOUS METALS Monitor Massive Purchases In Silver And Platinum ETFs Tighten Markets, Fuel Rally- Written by Sumit Roy |
- January 22, 2013
Massive Purchases In Silver And Platinum ETFs Tighten Markets, Fuel Rally
- Details
We offer our latest analysis on the precious metals market.
Gold prices edged closer to the $1700 mark this past week and look poised to test a downward trend line near that level in the coming sessions. However, overall, price action in the yellow metal has been fairly muted.
GOLD
That said, we continue to see big moves in the other precious metals—platinum and palladium. Moreover, even silver gained traction last week thanks to a surge in ETF buying.
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PLATINUM
PALLADIUM
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