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[quote:4thhorseman:MV8yNDY2Mjc3XzQ0NzA4NTEwXzdGMUJCOTg2] [b]Steve Forbes Warns Of Economic "Catastrophe" Due To Fed’s Dollar Debasement[/b] Today’s AM fix was USD 1,262.50, EUR 932.63 and GBP 751.76 per ounce. Yesterday’s AM fix was USD 1,253.50, EUR 924.62 and GBP 746.22 per ounce. Gold ended with a gain of just 0.016% to close at $1,261/oz today. Silver ended with a loss of 0.1% at $19.21/oz. Gold and silver rose strongly yesterday on short covering and speculation that Indian demand is picking up. Prime Minister Narendra Modi's new government has signalled a loosening of gold import rules and this morning India’s Trade Secretary said that India needs to rationalise import duties on gold bullion. Gold may also have been bid higher due to concerns about commodity financing deals in China. Gold held near the highest in almost two weeks and palladium traded near over a three-year high at $852 per ounce. Palladium has surged 19% this year http://www.zerohedge.com/news/2014-06-11/steve-forbes-warns-economic-catastrophe-due-fed%E2%80%99s-dollar-debasement [/quote]
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