Metals Reports-No (Entitlement) Pain. No (Tax) Gain. What a Country!

International Business Times reports that overnight losses in the US dollar caused at least two Asian central banks to intervene in the currency market.

The market news is quoted as saying,

Platinum and palladium also continued their recent string of robust advances and remained partially bolstered by the similar types of assumptions that have been pushing the entire commodities’ complex to stratospheric levels; the implicit bet that the Fed will keep the interest rate environment in the US at near-record low levels for a while longer, thus enabling the heavy and relatively cost-free participation by speculators in the commodities’ space. Platinum started the session near the $1,813.00 bid quote per ounce (a gain of $14) while palladium advanced by $4 to the $762.00 per ounce mark.

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