Tom Pawlicki, precious metals analyst at MFGlobal, said precious metals are expected to keep the mixed-to-lower price trend in the near-term as investors appetite for risk improved.
FORBES: METALS OUTLOOK: Gold Weakness Could Continue Next Week
Peter Thomas, director of business development, PFG Precious Metals, said demand is strong across the precious metals.
FORBES: FOCUS: Platinum Sees Physical Buying, But Price Outlook Is Hazy
Peter Thomas, director of business development, PGFBest Precious Metals in Chicago, said the price break in precious metals has rekindled interest in buying bullion from his firm.
As a whole, said Anne-Laure Tremblay, precious metals strategist for BNP Paribas, the more negative sentiment in precious metals caused investors to pare back.
FORBES: Speculators Shed Some Bullish Precious Metals Positions - CFTC
These two key markets are in a bearish posture for the precious metals Monday and will continue to have a daily influence on the precious metals markets.
These two key markets were in a bearish posture for the precious metals Monday and will continue to have a daily influence on the precious metals markets.
Dillon Gage Metals, a precious metals dealer, is the U.S. distributor for the designer bars.
Investors have put money into a wide range of metals, and precious metals' prices, including gold's, have risen with the base.
Whereas big swings in oil prices usually reflect supply shocks, and precious metals are often seen as a safe haven in times of crisis, The Economist's commodity price index (which excludes oil and precious metals) has traditionally been a fairly good leading indicator of turning-points in global industrial output.
ECONOMIST: The prices of most raw materials have been surging
Even though prices slipped for some metals, Anne-Laure Tremblay, senior precious metals strategist at BNP Paribas, noted that speculators in general continued to build bullish positions.
FORBES: FOCUS: Speculators Add To Bullish Gold Positions For Sixth Week - CFTC
My take: While this is likely an investor concern, it would presumably have more of an impact on industrial metals, such as copper, as opposed to precious metals, such as gold.
Worries about the impact of a coal strike in South Africa appear to be having an impact on platinum group metals, said Jim Steel, precious-metals analyst with HSBC.
FORBES: Palladium Hits Highest Level Since February; Platinum Also Rises
Harry Milling, an analyst who covers precious metals for Morningstar , seconds the 5% figure.
From there it was shipped to Zurich, where the precious metals would be separated and refined.
The higher crude oil prices Wednesday are a mildly bullish near-term factor for the precious metals.
FORBES: Comex Gold Weaker On Corrective Pullback From Recent Gains
Read the latest news in gold and precious metals markets at Kitco News.
The higher crude oil prices Tuesday were a bullish near-term factor for the precious metals.
FORBES: P.M. Kitco Metals Roundup: Comex Gold Ends Solidly Higher On Bullish "Outside Markets"
Still, the prospects for a continuation of low rates are nevertheless friendly for precious metals.
FORBES: Fed Expected To Keep Signaling Low Rates This Week But Not Undertake QE3
Traders and investors are looking for some fresh fundamental inputs to drive precious metals market prices.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer in Quieter Dealings to Start the Trading Week
Precious metals have been driven up by fears of crumbling economic activity and creeping inflation.
The higher crude oil prices Thursday are also bullish near-term factor for the precious metals.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Firmer, At 5-Week High, Amid Bullish "Outside Markets"
The recent rebound in the greenback is a bearish underlying factor for the precious metals markets.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer On Technical Buying, Continued Good Physical Demand
What the Fed does next week could influence the direction of precious metals prices.
Precious Metals Portend Dollar Trouble by Addison Wiggin originally appeared in the Daily Reckoning.
The precious metals markets were under modest selling pressure prior to the FOMC statement.
FORBES: Comex Gold Soars To 6-Week High In Wake Of "Dovish" FOMC Statement
This heightened uncertainty remains a bullish underlying factor for the precious metals markets, and especially gold.
FORBES: Comex Gold Trades Near Steady; Fresh News Regarding EU Debt Crisis Awaited
When prices go up, people figure they better start storing foods and precious metals.
Crude oil prices are trading lower Wednesday morning, which is limiting gains in the precious metals.
FORBES: Comex Gold Firmer, Sets Another New Record High Overnight
Crude oil prices traded sharply higher Tuesday, which was also a positive for the precious metals.
FORBES: Comex Gold Ends Higher on Bargain Hunting, Bullish "Outside Market" Forces
That would also be a positive for the raw commodity sector, including the precious metals.
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