The price of Spot Gold climbs above 200 day moving average on upbeat news from US and Germany coupled with a weaker dollar. Euro went up on a rise of demand for Spanish debt. Investors are watching for signs of success of the European Central Bank's first offer of a three year loan to banks. Despite a climb-up from the recent fall, Au remains short term bearish and long term bullish. This is in line with Technical Analysis shown above. Trading volume is thinning. A surge in volatility may, however, be observed. SPDR, the world's biggest gold-backed ETF, remained unchanged for a third consecutive session at 1279.975 tonnes by Dec 20th.
Key notes:
* China Nov silver imports down 43 pct on year
*
Spot Silver 29.63
Spot Platinum 1440.00
Spot Palladium 628.00
Euro/Dollar 1.3117
Dollar/Yen 77.74
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