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Precious Metals Little Changed After Bernanke Comments
Jun. 08, 2011 10:24AM PST
Precious Metals Investing
Reuters reports that precious metals prices were little affected by Federal Reserve Chairman Ben Bernanke’s comments that the US economy is slowing down.
Reuters reports that precious metals prices were little affected by Federal Reserve Chairman Ben Bernanke’s comments that the US economy is slowing down.
The market news is quoted as saying,
Precious metals consultancy GFMS meanwhile predicted gold, silver, platinum and palladium prices would retain upside potential in 2011, with negative real interest rates remaining the principal driver.
Platinum was up 1.3 percent at $1,828 an ounce. Palladium gained 2.9 percent to $806.47, with traders reporting buying of the metal for exchange-traded funds.