Ongoing European crisis is a major influence on bullion markets.
(1888PressRelease) October 25, 2011 - MIAMI, FL - The ongoing crisis in Europe is still having a major effect on the precious metals bullion market, this time to the benefit of all precious metals. Gold is rallying strongly, given a stronger euro and weaker dollar, while both gold and silver are also benefiting from strong physical demand from India, ahead of that nation's celebration of Diwali next month. Gold and silver bullion, coins, jewelry and ornaments are traditional gifts at this time.
The industrial metals are also making significant gains as more encouraging news emerges from the European summit meeting, boosting confidence in the global economy and therefore causing a spike in demand for the platinum group metals, which are used largely by the automotive industry but also in the manufacture of electronics.
"This is good news for the bullion market," says Bill Hionas who runs Pan American Metals of Miami, a precious metals brokerage located in Miami Beach. "More optimistic news from Europe helps boost both investor and consumer confidence, increasing demand for precious metals."
The European crisis will not be completely resolved until at least Wednesday, when a further summit meeting is scheduled. The outcome of that meeting will have a definitive effect on the market. However, German Chancellor Angela Merkel stated Sunday that 'a broad agreement is taking place', suggesting that a favorable outcome on Wednesday may be on the cards.
Clients interested in diversifying into precious metals bullion can receive specialized advice from PAMOM's team of expert traders, investors and account executives. For further information please visit www.billhionas.com
About Bill Hionas:
Bill Hionas is CEO of Pan American Metals of Miami, LLC, a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Ongoing European crisis is a major influence on bullion markets. 
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