Encouraging price action in precious metals
This was quite an interesting week with some new developments which have also been reflected in some encouraging price action of the precious metals world. US GDP Q1 2012 came out at 2.2 per cent against an expectation from analysts of 2.5 per cent. The equivalent number for Q4 in 2011 was still a strong 3 per cent. This latest GDP number has been interpreted as weak, and these numbers justify the on-going dovish course by the Federal Reserve Bank.