Daily Gold & Silver Market Report - 1/19/2015

Paul Stevens

1/19/2015 12:01:00 PM

METALS FLAT AS CHINA FEELS PRESSURE

Precious Metal prices are down slightly on weakening equity markets and possible stimulus from the European Central Bank. These uncertainties have some analysts curious about what the future holds. Barclays commodities analysts, led by Suki Cooper, wrote, “The key question is whether gains can be sustained,” as Gold previously benefited from “a plethora of catalysts.” She continued, “Investor positioning may be lighter than it was two years ago, but we believe the rally is likely to lose steam without a change in sentiment and wider investor support.”

As the global economic outlook became more bleak Monday, crude oil prices dropped below $50 a barrel. Oil's continued slide has pressured China, the world's largest energy consumer. Timera Energy said Monday, “It is not hard to find evidence of increasing concerns around global economic weakness. Yield curves across the world have been flattening (longer term yields falling relative to short ones), a dynamic typically associated with expectations of weakening economic conditions.”

At 12:00 p.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,279.20 Up $0.30
• Silver, $17.76 Down $0.05
• Platinum, $1,266.40 Down $3.00
• Palladium, $757.30 Up $2.00

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