palladium

Moore Capital Management ex-portfolio manager Christopher Louis Pia agreed on Monday to settle the charges by the US futures regulator and pay $1 million. He was charged with manipulating prices of palladium and platinum futures contracts on the New York Mercantile Exchange.

Pia made attempts to manipulate the settlement prices of palladium and platinum futures contracts from at least November 2007 until May 2008 while working for Moore Capital, the Commodity Futures Trading Commission said. He had engaged in a trading practice known as "banging the close.”

The coming meeting of the ECB has influenced not only the euro but gold as well. Gold fell 0.4% to $1,454.35 an ounce at 2:25 p.m. in Singapore, after striking a record of $1,461.91 on Wednesday. Volatility index of gold lowered more than 2% on Wednesday. 

Thursday in Singapore, bullion flat after touching record highs for the fifth consecutive session. At the same time, silver hit a 2-½ year peak. Both metals safe-haven appeal were boosted by economic uncertainties.

Spot gold was trading at $1,292.80 an ounce by 3:22 GMT, below the fresh all-time high of $1,296.1.

At the same time, silver reached a 2-½ year high of $21.21 earlier in the day, before easing slightly to $21.18.

Wednesday in Singapore, the precious metal soared to a new record high as sentiment remained strong with the US Federal Reserve moving closer to providing more support to the national economy.

Spot gold hit a new record of $1,290.85 an ounce today, before easing to $1,287.95 an ounce by 0457 GMT as bullish sentiment remains strong after the US Federal Reserve inched closer to providing more stimulus for the economy.

Tuesday in Singapore, precious metal remained steady after surging to a record for the third consecutive session, as investors await the outcome of a meeting of the Fed later in the day.

Spot gold was little changed at $1,278.65 an ounce by 3:16 GMT, easing from the all-time high of $1,283.70 hit on Monday. US gold futures for December delivery stood at $1,280.2.

Still, the longer-term prospects for gold remains bullish, given the uncertainties in the economic recovery, analysts and dealers said.

Monday in Singapore, bullion soared on bargain hunting and purchases from jewelers. However, investors were on the sidelines after a European bank stress test showed few surprises and failed to spur safe-haven buying last week.

Tuesday in London, bullion hovered $1,180 an ounce as lower prices tempted some buyers back to the market after prices slipped to two-month lows in the previous session, but the technical picture remained weak.

Wednesday in London, bullion flat giving up some ground after the previous gains. This followed relatively low demand at the European Central Bank's latest bank refinancing operations that eased some concerns over euro zone bank finances.

Monday in Singapore, bullion strengthened around near a lifetime high in volatile trade after a move by China to a flexible yuan exchange rate diminished the dollar and prompted buying of riskier assets.

Spot gold hit an intraday high of $1,260.20 an ounce, within sight of Friday's record at $1,261.90, and stood at

 $1,258.90 an ounce by 1:23 a.m. ET, up $3.55 from New York's notional close.

Friday in Europe, bullion steadied within reach of record highs, being upheld by haven demand against a backdrop of persistent sovereign risk in Europe and after dull US data raised doubts over wider economic recovery.

Spot gold was trading at $1,243.95 an ounce at 8:13 GMT today, against $1,243.40 late in New York on Thursday.

Thursday in Singapore, the bullion strengthened, reaching a one-week high as the euro struggled to sustain gains and shares slipped on uncertainty over the pace of economic recovery in the US.

Japanese equities slid on Thursday after mixed U.S. data underscored an uneven economic recovery, and a euro rally sticks below 2-week highs, with most investors on the sidelines ahead of a raft of bond auctions in the euro zone area.

Early on Wednesday in Singapore, bullion prices flat consolidating the previous session's 1% gain that followed safe-haven buying on persistent worries about Europe's.

Tuesday in Sydney, gold surged, hitting its highest in almost two weeks after warnings from the European Central Bank and China over the global economic outlook sparked fresh safe-haven buying.

Spot gold added $8 rising to $1,222.20 an ounce versus the last notional close, the highest price since May 19, according to Reuters data before recoiling slightly. At 4:12 GMT, gold stood at $1,219.40 an ounce.

Wednesday in Sydney, bullion prices rose slightly as safe-haven appeal intensified over European debt worries and mounting tension on the Korean peninsula, prompting a leap in private-sector investment in bullion.

Spot gold was bid at $1,204.90 an ounce at 5:26 GMT versus Tuesday's nominal close of $1,200.10.

For the second straight day, gold rose despite a firming dollar, bucking a trend of running conversely to the greenback. The euro fell on Wednesday, slipping back towards a 4-year low against the dollar on euro zone fears.

Friday in Tokyo, gold eased by over 1% moving towards 2-week lows as investors sold to cover losses in other markets, including stocks, while platinum group metals hit three-month lows on worries about industrial demand.