Gold traded as high as $931 overnight, influenced by the euro, which strengthened on the back of better than expected German manufacturing orders. The rally was short lived however, the market has resumed its summer range and is currently trading at $920. In the UK the Halifax House Price Index showed a small decline for June, contradicting other indices that showed house prices rising. In the US the Commodity Futures Trading Commission is considering tougher regulation to curb speculative investing on the oil futures market. These attempts have been given political backing in Europe by both French & UK political leaders Sarkozy & Brown.

Silver is currently trading at $13.07.

Platinum is trading at $1,109 and rhodium at $1,285.