
Otherwise, the prospects for gold are positive from a technical point of view after the metal has shed its 100-day moving average during the past week, at a level of $1,295 per ounce. While the metal is traded above this level, it is completely possible to see its further rise to $1,350 per ounce, market observers say.
For other metals, palladium is the best-performing metal, reaching its highest level since February of 2001. Palladium deals with an unusually high premium over other metals such as platinum.
Platinum rose 3% this year and silver only 6%. It is quite possible that this will give them a good catch-up potential for next year, according to analysts.
No comments:
Post a Comment