RTRS: Silver fixes higher, gold draws safe-haven bid
* Silver fixes at 1,911.00 cents an ounce, compared with
1,865.00 cents an ounce at Friday's fixing.
* Spot silver XAG= bid at $19.06 an ounce, compared with
$19.06 late in New York on Friday. Market drawing support from
ongoing investor interest and a steady gold price. Forward rates
quoted on Reuters page SIFO at 0.68, 0.69, 0.72, 0.77 and 0.79
percent for one, two, three, six and 12 months, respectively.
* Gold XAU= up about 0.3 percent, on track for third
successive day of gains as concern about the resilience of the
global economic recovery and a resurfacing of geopolitical
tensions between the West and Iran draw interest. Spot last at
$1,256.35 an ounce, up from $1,253.40 in New York on Friday.
* Platinum XPT= last at $1,581.00 an ounce, versus $1,566.50.
Traders cite support stemming from uncertainty over power supply
in key producer South Africa, where unions have issued utility
Eskom with a deadline to come up with a wage package to their
liking or they will vote to strike.
* Palladium XPD= last at $478.58, versus $474.50.
For related news and prices, click on the codes in brackets:
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