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Gold Even As Euro Recovers

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Precious metals split with other commodities to start weakly lower as the euro as the dollar recovered against the euro.

Gold was down $0.93 to $1,776.28 and silver was down $0.06 to $34.65, for a silver/gold ratio of 51.2.  Other commodities fared better with copper, crude oil, platinum and palladium all starting the day higher. 

Gold and silver being left out of the overall rally today point out that investors in bullion-priced physical metals may be hesitant to accumulate at these prices.  Gold will have to stay elevated for some time before retail investors become convinced this is a...

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