Gold gains as investor unease returns, PGMs mixed

Tue Jun 15, 2010 3:36pm GMT
 

 * Investor risk appetite decreased due to Moody's downgrade of
Greek government debt to junk, a downbeat read of U.S.
homebuilder sentiment and ongoing concern about the euro zone
debt crisis, which has helped push gold up this session.
 * Spot gold XAU= is bid at $1,225.75 an ounce at 1507 GMT,
compared with $1,220.15 late in New York on Monday, having
oscillated between an intraday high at $1,227.60 and a low of
$1,219.30.
 * Silver XAG= has taken its cue from gold and is up about 1
percent on the day, last bid at $18.38 an ounce, up from $18.16
an ounce on Monday.
 * The PGMs have been a mixed bag this session, with palladium
largely positive for most of the day, while platinum has
struggled to move into postiive territory at all. Morgan Stanley
upgraded the auto sector in a research report, yet data showed a
drop in May car sales in the key European Union market. Platinum
XPT= is at $1,558.80, compared with $1,557.00 on Monday, while
palladium XPD= is at $459.73 versus $455.50.

For related news and prices, click on the codes in brackets:
Spot gold/silver  XAU= XAG=  Platinum/palladium XPT=XPD=
Gold lease rates         LGLR  Comex gold futures      <0#GC:>
Europe/Asia prices   <GOLD/EU1>  <GOLD/EU2>  <GOLD/ASIA1>
CBOT 100 oz gold futures <0#ZG:>
RELATED NEWS AND OTHER TOPICS
Precious metals news      [GOL]  All metals news           [MTL]
Metals summary     [GLANCE/MTL]  Index of summaries    [GLANCE/]
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<PRECIOUS/SWAP1> <PRECIOUS/VOL1> REUTERS

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