The cost of precious metals on the basis of trading on October 2 in New York mainly decreased. Spot prices were: Gold – $ 1215.30 per ounce (0.11%), silver – $ 17.20 per ounce (-0.47%), platinum – $ 1274 per ounce (-0.94%), palladium – $ 771 per ounce (-1.16%).
The strike in South Africa, engaged in the production of platinum and palladium, has led to a disruption of supply and this summer has pushed up prices. After the strike began in June economic problems in Europe and Japan. Faced with the threat of slowing, and China. Against this backdrop, investors fear that demand for platinum group metals may be reduced, since fewer people in the regions will be able to afford to buy new cars.
At the same time, gold and silver recovered somewhat after falling to multi-month and multi-year (respectively) of minima and traded near $ 1,215 marks per ounce and $ 17.1 per ounce, respectively. Part of the reason for the stabilization of light became weaker dollar after disappointing investors makrostatistiki the United States and a sharp drop in government bond yields (US Treasures), analysts said Commerzbank. According to the United States Mint, in September the country was sold gold coins for 58 thousand. Ounces – more than the population in the previous two months. A similar situation exists in respect of the silver coins, the sale of which in the aggregate amounted to 4.14 million ounces. The Perth Mint in Australia reported that in September were recorded the most significant sale of gold coins in the last 11 months (a little less than 69 thousand. Ounces). On the other hand, the sale of gold coins was not enough to offset the outflow of deposits from ETF-funds in gold, reached in September, the highest level since December last year (42 tons).
On Friday at 8:00 MSK gold futures stood at $ 1213.13 per ounce (-0.16%), silver – $ 17.10 per ounce (0.31%), platinum – $ 1252.80 per ounce (- 1.38%), Palladium – $ 764.60 per ounce (-0.53%).