The precious complex took a hit on Tuesday as positive data in the U.S..

The precious complex took a hit on Tuesday as positive data in the U.S. session helped the equities arena continue its trend of setting fresh record highs. The Dow reached as high as 14,684 and managed to close at yet another record of 14,579.  After having closed Monday’s lackluster session at $1600, gold finds itself trading roughly $30 lower mid-week as a risk-on sentiment persists despite the terrible economic conditions in the Eurozone. U.S. auto sales helped buoy platinum and palladium as GM and Ford both reported a 6% increase in March sales. Chrysler was not far behind with a 5% increase. ADP’s private sector jobs data could have investors taking a breather today after reporting only 158,000 jobs were added last month. February jobs numbers were revised to 237,000 but today’s numbers missed an even more conservative mark of 197,000 that was forecast. The more important and heavily anticipated Government jobs data will come out on Friday.  Have a great day!