Good Morning,
The
precious complex is coming under a bit of pressure as some profit
taking seeps into the market following Wednesday’s rally. Gold closed
the previous session at $1369.30 but now trades more than 1% lower to
$1353. Silver, which surged
nearly 8% after the Fed announced it would leave QE alone, has given
back nearly 3% this morning and trades $22.640 after closing yesterday
at $23.292. Platinum and palladium are down roughly 1.75% to start the
morning. There isn’t much on tap from an economic
data perspective so it’s shaping up to be a rather uneventful day. Some
Fed members will be in the spotlight later this afternoon, which always
has the potential to add some excitement to the markets. Have a great
day!
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