Gold buyers hang back as Gold Price lurks below record


By Bullionsupermarket.com Staff on Fri, 25 Jun 2010 18:58:11 GMT

Golds prevarications near record price discourages Gold buying


Gold flirted with its previous record on Friday in London, but failed to make a decisive break to new ground. Golds prevarications near its record price appeared to discourage physical Gold buying, as BullionSupermarket.com recorded strong price comparison traffic, but the momentum to click through to merchants and purchase was not there.


Generally thin trade appeared to depress premiums with fixed price 1 Troy Ounce Gold Bars hanging around from 10% at an average of 16% premium over the afternoon Gold Fix of $1,254.00

Meanwhile BullionSupermarket.com 1 Troy Ounce Silver Bars are to go on sale in July in the United Kingdom. Based on enquires since the launch of the design, demand for the Silver is expected to outstrip supply.

Prices

USDGBPEURDate
 GOLD1,248.75808.51980.9510/09/2010 AM
 PLATINUM1,553.001,005.501,220.4510/09/2010 AM
 SILVER19.9712.9615.6909/09/2010

Bullion Coin & Bar Market Alerts


 SILVER Panda
 240 lots at average of USD 34.78 / oz
 74.14% premium
 SILVER Philharmonikers
 78 lots at average of USD 23.10 / oz
 15.66% premium
 All US SILVER Prices
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