Gold rose toward $1,120 an ounce on Wednesday as the dollar declined against the euro, and platinum group metals also gained nearly 2 percent due to supply fears and strong physical demand. Wall Street Grand has the best Gold track record on Wall Street for 2009. Visit http://www.wallstreetgrand.com/downloads/goldreport08.pdf and read our analyst report on Gold.
- SPDR Gold Trust, said its holdings stood at 1,129.823 tonnes as of April 1, and unchanged from the previous business day.
- iShares Silver Trust, said its holdings stood at 9,278.18 tonnes as of April 1, unchanged from the previous business day.
- The euro gained in early trade on Thursday, rising to $1.3517, from $1.3510 late on Wednesday, but it remained vulnerable to sovereign risk festering in the background.
- The dollar fell against the euro after ADP Employer Services said its data showed U.S. private employers unexpectedly shed jobs in March. The report stoked concern about the economy two days before the closely followed government payrolls report.
- U.K. bank Standard Chartered Plc lowered its 2011 gold forecast to $1,100 from $1,300 an ounce Wednesday on a host of factors including a dollar rebound, lack of investment interest and weak central bank buying.
- Last week, euro-zone policymakers a greed on an aid package under which Greece would receive both bilateral loans from euro-zone partners and funding from the International Monetary Fund if it faced severe difficulties.
- Mexican Silver production increased to 231,244 kg in January, up 4.6 percent compared with a year ago, the National Statistics Institute said.
- Jewellery export from Italy, Europe's top producer, is expected to stop falling in 2010 as clients replenish stocks and trigger stabilisation in gold consumption by manufacturers, a senior industry official said.
- Harmony Gold Mining Co Ltd, the world's No.5 gold producer, said third-quarter production would fall due to safety issues and closure of shafts, but forecast stronger fourth quarter output.
Wall Street Grand focuses on market moving news focused around Gold and Silver reports. Gold was steady near its highest level in two weeks in early trade session after ending the first quarter 1.4 percent higher on buying driven by volatile currencies, firm stock markets and euro zone debt.
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