Standard Bank report 20 – june, 2013

Standard Bank

According to Standard bank report, The weak manufacturing data from china and the strength of the U.S Dollar, it should make a rise in the precious metal. We watched a selling race for the precious metal Standard bank expect that the US to sell into rallies again.

Standard bank mentioned that, According to a Swiss data Switzerland remained a net exporter of platinum in May, though exports fell to 109,049 oz. Standard bank also mentioned that, the precious metal will react negatively to the announcement of the FOMC, which caused a rise in the yields to make gold fell through the $1350 support as well as, $1300. Support is now at is at $1,290 and $1,232. Resistance is at $1,300 and $1,350.

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  • Johnathan May

    any interested gold buyers