Rus News Journal

Precious metals: gold has reached strong support

Official spotovye the prices for precious metals following the results of session on Tuesday, on September, 27th, in New York have changed raznonapravlenno and have made: on gold - 1650,7 dollars/ ounce (- 1,33 %), silver - 31,98 dollars/ ounce (+3,67 %), platinum - 1563 dollars/ ounce (- 0,26 %), a palladium - 651 dollars/ ounce (+2,87 %).

Reduction of prices on gold has come to an end - at level 200 - day sliding by average will be generated a bottom - the main raw analyst UBS Wealth Management Dominik Schneider has informed Bloomberg. - if the prices for gold have fallen below 1500 dollars/ ounce, it would mean the termination of an ascending trend, and falling even more than on 20 % could occur trace. But I think that from present level gold will not fall. Such positive factors for it, as a large budgeted deficit in the USA and the European countries, negative real rates and superfluous budgetary expenses remain. Therefore the prices for gold will be kept on 200 - day sliding by average .

On Wednesday, on September, 28th, at 8:00 Moscow time futures for gold were on a mark 1644,51 dollars/ ounce (- 0,48 %), silver - 31,2 dollars/ ounce (- 1,06 %), platinum - 1557,83 dollars/ ounce (- 1,24 %), a palladium - 644,05 dollars/ ounce (- 0,9 %).
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