Gold, silver, platinum and palladium are rising…
“Gold advanced to a one-week high in London after the Federal Reserve maintained the pace of U.S. bond purchases, boosting demand for the metal as a store of value,” reports Bloomberg.
“The Federal Open Market Committee said it will ‘await more evidence’ for sustained economic recovery before reducing its $85 billion in monthly stimulus. Through yesterday, gold slid 19 percent this year on speculation that the Fed would taper debt purchases that helped the metal cap a 12-year bull run in 2012.”
The uncertainty about tapering remains a concern…
Indian silver had the largest decline on Wednesday, September 18, dropping 2.4 percent. Chinese silver ended the day after the 1.3 percent drop yesterday. The price of US silver declined 0.4 percent. Japanese silver stayed flat.
Chinese gold bullion finished the day down 1.3 percent. The price of Indian gold bullion fell 1.3 percent. US gold bullion finished the day down 0.3 percent. The price of Japanese gold bullion held steady.
Chinese platinum bar ended the day after the 1.7 percent drop yesterday. US platinum bar prices saw a 0.7 percent decline. The price of Japanese platinum bar was essentially unchanged.
Chinese palladium bar closed 1.3 percent lower. Japanese palladium bar saw little change in its price yesterday. Following a two-day rise, the price of US palladium bar flattened.