Forex | Forex | Metals bounce despite SPDR redemptions (15/07/2009 08:03:45)

Metals bounce despite SPDR redemptions

London, 15 July 2009 - Precious metal prices bounced nicely yesterday as upbeat earning results and better than forecast retail sales from the US prompted a general uptick in risk appetite. Palladium was the strongest gainer, increasing 2.1% while mixed flows were seen in the ETFs with 15.27-tonnes of gold cut from the SPDR fund while investors add 1.8Mozs of silver to the iShare fund. The CRB Index gained 1.1% while NYMEX crude posted a small decline of 17-cents, closing at $59.52. Reflecting


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