GOLD: Gold finished up on the close of US trading at $1148/oz trading as low as $1139. Concerns around the Greek debt crisis and its impact on the Euro, gold’s safe haven status providing some further support.
Platinum Palladium and Silver all finished strongly – palladium at its highest since 2008 on a stronger Chinese auto market.
Credit Suisse raised its 2nd Qtr forecasts for base and precious metals, with the expected range $1100 - $1200. The main concern is interest rates, with rising interest rates possibly having an effect on investor demand.
NZD: The Kiwi dollar traded within the same range as further Greek concern slowed risk appetite in the currency markets.
The IMF is still pushing for emerging Asian currencies ( including China ) to revalue/appreciate as they remain substantially undervalued ( especially in the case of the Renminbi)
USD$ and CAD$ are again at parity 1:1
