Monthly Precious Metals Report
(Apr 2016)Source: ScotiaMocatta
After a 22.6 percent rally in Gold since the December low, prices have
started to consolidate, no doubt as end of quarter profit-taking sets in.
Silver and the PGMs are following suit, but dips seem well supported.
- Despite the broader markets looking less jittery in March, Gold
prices have managed to hold up well, supported by continuing
strong investor and fund buying.
- Interpretations over how dovish or hawkish the Fed is have
started to create noise in the market; we see this as only likely to
get worse as the market anticipates the next Fed rate rise.