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The U.S. trader and Edward Meir, commodities consultant with INTL FCStone, cited a return by workers at Amplats.
FORBES: FOCUS: Platinum Slides To Five-Week Low As Other Metals Fall, Amplats Workers Return
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Because the gold market is tethered to other risk assets, Edward Meir, commodities consultant at FC Stone, urged buyers to exhibit caution for now.
FORBES: METALS OUTLOOK: Higher Prices Expected Next Week, But Outcome Hinges On Eurogroup Meeting
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Edward Meir, MF Global commodity analyst, blames "Opec's continuing refusal to tighten export quotas" and says "the ensuing price bias will be to the downside".
BBC: Which way for commodities in 2010?
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Edward Meir, commodities consultant with INTL FCStone, said corporate earnings as of the start of the week showed 62.5% of the companies that reported had topped estimates, but less than 36% exceeded revenue forecasts.
FORBES: Base Metals Slide In Recent Weeks On Demand Worries; Better Days Seen Ahead