The precious complex is coming under a bit of pressure as some profit taking seeps into the market following Wednesday’s rally.

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!