Focus Shifted to G-20's Discussions on Imbalance, Reserve Diversification

Gold price remains firm in European session with the benchmark contract likely gaining for a 5th day, Silver, following gold's suit, has strengthened recently but the rally is stronger, sending the gold-silver ratio to 43.58, the lowest level since 1998. The benchmark contract for silver jumped continues to climb higher after making a fresh 30-month high yesterday. Demand for physical silver has been strong. The US Mint sold 6.4M oz of silver in January, the highest monthly figure since sales began in 1986.

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Focus Shifted to G-20's Discussions on Imbalance, Reserve Diversification

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