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Gold Flat On Weak Demand

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Gold was largely flat yesterday morning despite better than expected news on Spanish bond sales prompting the euro to gain against the dollar in early trading. 

Gold was off $1.73 to $1,639.85 and silver wasa down $0.08 to $31.55, lowering the silver/gold ratio to 51.9. 

Platinum was the big winner in metals for the morning, jumping $6.75 to $1,581.50 on news that Anglo American, the company producing roughly 40 percent of the world’s platinum supply, saw production drop by 25 percent last quarter. 

Despite industrial metals gaining some traction this morning, gold is at...