> JSE gains momentum

> JSE seeks direction

> US on a high

> Euro in listless trade

> JSE ends week in the red

> JSE remains red

> Wall St gets a lift

> Euro stocks gain

> JSE ends up

> JSE in positive territory

Today, 23 November 2009

Yesterday, 22 November 2009

› SACP attacks Malema

› Meteor 'flash' in Gauteng

› Malema attack 'racist'

› Govt settles with Pikoli

› Will cops play brokers?

The gold price strengthened slightly ahead of the key report by the International Atomic Energy Agency (IAEA), due on Friday, on Iran's nuclear compliance.

The spot price was little changed from its overnight levels in afternoon trade on Wednesday, and was quoted at $637 per troy ounce, from Tuesday's close of $629/oz.

The IAEA delivers its report to the UN Security Council on Friday, in which it will report on Iran's compliance with a demand to stop uranium enrichment, analysts said.

Gold eyes dollar

"It's really much the same as the past few days. We are seeing fairly choppy trading conditions. We are continuing to find resistance from some players towards $635/oz whereas any dips are keenly bought so I think we will see sideways trade," a London-based analyst said.

He continued that gold was watching oil and the dollar for direction.

"We are waiting to see what the decision is regarding the UN deadline towards Iran on Friday. That will be the key factor for the week," he asserted.

He expected gold to remain range bound until then.

Platinum was quoted at $1130/oz from a previous $1129.50/oz, while palladium was quoted at $362.50/oz from Tuesday's close of $359.50/oz.

"We are seeing strong buying from funds over the past few days, but platinum is failing to make significant gains above $1130. Again I see range trading in platinum with more bias towards the upside."

I-Net Bridge