Gold Silver Reports (GSR) – US investors, gold fell $3 from last week’s close at $1252 per ounce, moving closer to the 6-month low at $1246 to which the yellow metal crashed last Thursday….
Silver meantime fell through $16 per ounce, also touching its lowest Dollar price since mid-December, as platinum fell to a 29-month low at $838 per ounce having already declined by 6.2% in June alone.
For Euro investors however, the grey metal fell to €719 per ounce – the lowest level since 6 January 2009.
“Commodities face a twin threat in the coming months,” according to analysts at US investment bank Morgan Stanley, pointing at the risks to consumption from a potential escalation in global trade tensions and an economic slowdown in China.
