Silver stable at fix, gold tracks dollar High Street Networking

29 January 2004, 15:25 Silver stable at fix, gold tracks dollar

* SILVER - Silver fixed at 653.50 cents an ounce, little changed from the previous fix of 654.00 cents. Spot silver at $6.52/6.54 an ounce by 1225 GMT, against New York's last quoted price of $6.51/6.53. Market consolidating above $6.50 after Tuesday's sharp rally from $6.30, with $6.75 next target. Forward rates on page are indicated at 0.851, 0.596, 0.306 and -0.018 for one, three, six and 12 months respectively.
* GOLD - At $409.00/409.50, down from New York's close on Wednesday at $410.20/410.80, with dollar steadier against the euro . Bundesbank says it wants any new gold sales deal to be close to previous agreement and option to sell 120 tonnes a year, much as market expected.
* PLATINUM - At $851.00/856.00, below New York's $853.00/858.00.
* PALLADIUM - Indicated at $238.00/243.00, against $240.00/245.00.//