International tensions may affect supply of metals

Today’s AM fix was USD 1,300.25, EUR (CME:E6M14) 948.33 and GBP (CME:B6M14) 775.20 per ounce.

  • Yesterday’s AM fix was USD 1,292.75, EUR 939.91 and GBP 766.67 per ounce.
  • Gold (COMEX:GCM14) fell $3.40 or 0.26% yesterday to $1,293.30/oz. Silver (COMEX:SIM14) slipped $0.02 or 0.1% to $19.53/oz.

The historic 120-year old daily silver fixing process will cease as of 14th August this year, the London Silver Market Fixing Limited company announced today. The company that administers the daily silver fix currently consists of three member banks, Deutsche Bank, HSBC and Scotia Bank.

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