China’s $3.3 Trillion FX Reserves Could Buy All World’s Gold TwiceSubmitted by Bob-45 on Mon, 03/04/2013 - 22:20
Submitted by Tyler Durden on 03/04/2013 07:52 -0500
China’s $3.3 Trillion FX Reserves Could Buy All World’s Gold Twice
Today’s AM fix was USD 1,578.00, EUR 1,214.13 and GBP 1,049.06 per ounce.
Friday’s AM fix was USD 1,570.00, EUR 1,203.99 and GBP 1,043.74 per ounce.
Silver is trading at $28.75/oz, €22.11/oz and £19.20/oz. Platinum is trading at $1,584.25/oz, palladium at $719.00/oz and rhodium at $1,200/oz.
Gold fell $4.80 or 0.,31%% on Friday in New York and closed at $1,575.60/oz. Silver surged to a high of $28.77 in early New York trade before it also fell back off, finishing with a gain of 0.28%. Gold was off 0.31% for the week while silver was down 0.66%.