Wednesday, 22 April 2015

Precious Metals Gold Silver Update

Gold settled up by 0.37% at 26936 gained on its safe haven appeal as investors remained concerned over Greece's financial health with no indication of any agreement with Athens on the economic reforms sought by the European Union to unlock the bailout aid. Also on focus is the April 28-29 Federal Reserve policy meet, which is expected to provide some hints as to the timing of the Fed's imminent rate hike.

Silver settled up by 0.23% at 36157 managed to hold support at 36k edged up on Tuesday reversing some of its losses during the previous session, as a potential Greek default on its sovereign debt remained in focus. On Monday, Silver plummeted on mounting Greek concerns, before slightly rebounding in U.S. afternoon trading
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