Precious Metals - Gold on Federal Reserve watch; platinum/palladium close to parity
Precious metals are firmly in US interest rate rise mode and prices pulled back some more (this happened at the end of last quarter as well). The gold price is fifteen US dollars per ounce ($/oz) easier at $1,280/oz, silver lost just over ten cents/oz to just under $16.75/oz; platinum slipped nearly $5/oz to just over $925/oz; while palladium gained another couple of dollars/oz to just below $920/oz. This morning there is an $8/oz gap to close to achieve parity. You know you can do it.The local gold price’s fall was tempered by a stronger dollar; it still fell nearly £10/oz to just below £960/oz.
Dalradian Resources is a gold exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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