Palladium prices remain robust.----
Asia Precious Metals Review: Palladium recovers from overnight dips
Tokyo--Dec 16--Spot palladium Thursday recovered some from overnight losses
Thursday in Asia, as Tokyo Commodity Exchange palladium futures rebounded from
Wednesday's closing levels despite a lack of follow-through buying capping
prices again in the afternoon, dealers said. Profit-taking weighed on platinum,
while gold grew weaker despite overnight gains on the absence of buyers in Asia,
they said. (Story .2200)
And Russian agencies continue internal debate over control and revenue from precious metal export policies.----
Russian central bank head vows continued activity in gold market
Berlin--Dec 15--Russian central bank governor Viktor Gerashchenko said
Wednesday that Russia will continue to be active in the gold market as Russia is
a gold producing nation. He refused to give details of Russia's plans for gold
sales next year. He also said that Russia had not yet decided which candidate
for new managing director of the International Monetary Fund it would support.
(Story .19226)
While Russian government tightens control and increases export duty on precious metals.----
Increases in Russian metal export duties go into effect
Moscow--Dec 16--Tuesday's ruling by the Russian government doubling the
export duty for copper and nickel to 10% and increasing the duty for silver,
platinum and other precious metals to 6.5%, took effect Thursday, a government
spokeswoman said. The duty for zinc and zinc alloys was also doubled to 10%.
(Story .11249)
And the United States government continues to sell from long-held strategic supplies to partially make up the supply deficit.----
US DLA sold 10,121 oz palladium, 2,989 oz platinum on Tuesday
Washington--Dec 15--The US Defense Logistics Agency sold a total of
10,121.499 troy ounces of palladium and 2,989.080 troy ounces of platinum on
Tuesday from its Web site. (Story .2354)
All news capsules from:
Bridge Update--Precious Metals, Dec 16--1201 GMT/0701 ET
crbindex.com |
