Gold and Silver Report – Channeling Newton

International Business Times reports that following Tuesday’s drop in commodities, the markets recovered somewhat as bargain-hunters as buyers.

The market news is quoted as saying,

The aforementioned stabilization efforts resulted in the midweek session opening on the positive side for the precious and noble metals’ complex. Spot gold rose $5.00 per ounce to open at $1,458.80 this morning while silver was ahead by 23 cents and started the day at $40.34 the ounce. First-line support in the yellow and the white metal is currently pegged at $1,447 and at $39.78 respectively. Platinum and palladium gained $11 and $10 respectively and were quoted at $1,782.00 and at $770.00 on the bid-side in New York. Rhodium remained at $2,300.00 per ounce after having slipped $30 on Tuesday.

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