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Prices for several metals made notable moves during July. Gold finished the month near its high for the year at $1350/oz, up $28.30/oz or 2.1%. On July 6, it reached a two-year high of $1,366.25/oz. Similarly, silver finished at $20.29/oz, and a $1.59/oz increase during July or 8.5%. The first half of 2016 has seen a dramatic change in the rhythm and flows of the gold industry, according to GEMS Thomson Reuters. In the GFMS Gold Survey Q2, it noted that even before the British vote to exit the European Union, physical demand was down more than 20% year-on-year, with Asian offtake being exceptionally weak. While gold and silver made notable moves, the big story during July was platinum and palladium.
Prices for several metals made notable moves during July. Gold finished the month near its high for the year at $1350/oz, up $28.30/oz or 2.1%. On July 6, it reached a two-year high of $1,366.25/oz. Similarly, silver finished at $20.29/oz, and a $1.59/oz increase during July or 8.5%. The first half of 2016 has seen a dramatic change in the rhythm and flows of the gold industry, according to GEMS Thomson Reuters. In the GFMS Gold Survey Q2, it noted that even before the British vote to exit the European Union, physical demand was down more than 20% year-on-year, with Asian offtake being exceptionally weak. While gold and silver made notable moves, the big story during July was platinum and palladium.
Precious metal prices move higher
Fiscor, Steve (Autor:in)
2016
Aufsatz (Zeitschrift)
Englisch
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