BULLION WEBCAST – Gold and silver price consolidate but remain strong

Jun 20, 2014 - 2:22 PM GMT
  • The gold and silver price roared ahead this week’s trading sessions with gold jumping above $1,300 per ounce to a two month high and silver surged above $20 to its best since Mid-April.
  • Friday’s sessions have seen both consolidate, but dips expected to be supported.
  • LBMA are holding a consultation for the silver fix, with 7 firms vying for the role of setting benchmark prices.
  • For the PGMS, talks with the South African industry , even if resolution was reached it would still take time to get workers back in operation, and longer still for the industry to recover from the loss in production.