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Metals Market Commentaries
Monthly Precious Metals Report
(Oct 2014)
Source: ScotiaMocatta
Precious metals prices fell heavily in September and spiked lower in early October after the US employment report sent the dollar higher – prices became oversold and are now attempting to rebound.
- Gold prices broke below support at $1,200/oz and fell to $1,183.30/oz – but the double bottom around $1,180/oz held.
- Bullish sentiment in Gold has evaporated as confidence in the financial system has returned, especially with the US recovery. ...Full Story
Forecast 2014
Source: LBMA
FORECAST 2014: AN OVERVIEW
Forecast contributors are predicting gold and silver prices to remain broadly flat during 2014, but are more bullish about the prospects for PGMs, forecasting modest increases in price for both metals. ...Full Story
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