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Diamond and Precious Metals Week In Review: 2/25/05
This week saw a major breakthrough and advance for Gold as it surged past the $432.00 resistance level to $437.00 before settling back to $432.00 in late trading yesterday. The week dollar, strong Euro, and rising oil prices to $51.00 a barrel and very strong consumer demand were all contributing factors. Platinum also very strong at $870 with continued strong consumer demand.
In the Diamond sector, trading markets remain very strong with prices firm in larger better cut quality stones in the 2ct+, H+, SI2+ categories. There is also very strong demand for 1-2ct, H-J, SI-1 and SI- 2 goods in better Cut grades.
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