Updated 10:30:00 IST 22 May 2012
Price bullish supply influences are keeping platinum group metals steady in early trading on a day when gold and silver are lower, said TD Securities (TDS) in a commodities briefing.
Gold’s inability to regain the $1,600/ounce mark means risk for a renewed price decline triggered by selling from market players with a short-term horizon, said Commerzbank in a daily commodities briefing.
Kuda Maru, the Japanese freighter is believed to have sunk after being bombed by US planes during World War II and is believed to have contained gold. Successive expeditions in the past decade has failed to unearth the wrecked ship or the gold
Gold has potential to rise again, said Commerzbank in a commodities research note.
