On Monday, April 15, 2013, the largest drop in gold prices in the last 30 years has occurred at the London Metal Exchange. The price of metal decreased immediately by 9.2 percent and amounted to 1395 dollars per ounce.
According to the results of yesterday's trading, the price of silver collapsed by 14.1 percent - up to $ 23.54 per ounce, Platino fell by 4.4 percent - up to $ 1448 per ounce, the price of palladium decreased by 5.5 percent - to $ 676 per ounce.
Last Monday has become “black” for metals dredges and the worst trade day on LBMA over the past thirty years.
The collapse of prices for precious metals reached New York, where gold prices collapsed at 10 percent reached a critical level of $ 1356 per troika ounce. The New York Exchange has recorded the most catastrophic drop in precious metals since 1980.
“The fall in prices for these assets seems to me too fast, provoked by a sharp closure of long positions on the stop -jackets. In the coming days, a technical rebound is likely. However, I would not recommend playing from the purchase in gold and silver: the intra -day volatility is too high,” said Anton Soroko, an analyst at the Finams investment holding.
World prices for gold fell by almost 10 percent, for silver by 14 percent
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Azovpromstal® 16 April 2013 г. 10:26 |
