The precious complex has reversed course following last week’s sell-off amid growing optimism that the leaders in Washington

The precious complex has reversed course following last week’s sell-off amid growing optimism that the leaders in Washington were close to an agreement on the U.S. debt ceiling that would avoid a default come the October 17^th deadline. Gold closed the previous session at $1268.20 while the PGMs followed the downward momentum with help from the end of AMCU strikes at Amplats. However, the metals are regaining some lost ground to start the week as the nervous laughter has is slowly turning to genuine concern as market participants wonder if a debt ceiling deal will get done. It’s Columbus day, and as such the U.S. Bond markets are closed so one could argue we are not seeing the full market sentiment just yet. Investors appear to be shifting towards the perceived “safe havens” while equity markets are becoming a no-mans-land as we get closer to Thursday. Have a great day!