Very quiet day in the precious metals market as people are traveling to be with their families

Very quiet day in the precious metals market as people are traveling to be with their families for Thanksgiving. The metals are trading on the upside this morning as the dollar moved lower. The October Consumer Confidence index of 70.4 was lower than the forecast of 72.9. Gold saw a slight boost right after this data was released. Technical analysts believe to see a further drop in the price of AU as long as it continues to trade below the $1300 mark. China is expected to supersede India as the largest AU consumer of the year since the Reserve Bank of India (RBI)  introduced the rule that 20% of imported gold must be exported. Core Durable Goods Order (MoM) fell .1% and the Initial Jobless Claims of 316,000 was better than the expected forecast of 330,000. Market activity is expected to pick up next week as there is more data to keep an eye out for. Happy Thanksgiving!!!!!!