Gold jumped to $1,169/oz, on Monday in Asia before falling in New York, it then recovered to close with a small gain of 0.11%. It traded in range from $1,150/oz to $1,157/oz in Asian trading this morning. Gold is currently trading at $1,154/oz and in euro and GBP terms, it is trading at €847/oz and £750/oz respectively. Gold has come under pressure today but has risen from the lows of the day at $1,147.80/oz. After gold reaching a 4-month high at $1170 an ounce yesterday, it was due a pullback and a period of consolidation may be necessary prior to any further gains. After multi-month gains some profit taking is to be expected and financial markets await key US earnings data. Technically, gold looks well after taking out resistance between $1150/oz and $1160/oz and looks set to challenge the December 2009 record highs. Gold has reached multiyear and all time record highs in euros, pounds, yen and other currencies (see charts) and given the strong technicals and fundamentals may soon replicate that performance in dollars. Silver Silver has range traded from $18.06/oz to $18.20/oz this morning in Asia. Silver is currently trading at $18.10/oz, €13.31/oz and £11.80/oz. Platinum Group Metals Platinum is trading at $1,718/oz and palladium is currently trading at $516/oz. Rhodium is at $2,825/oz.

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