Friday, April 25, 2014

What a day it was yesterday for the shiny yellow metal which started the morning trading $15 on the downside

What a day it was yesterday for the shiny yellow metal which started the morning trading $15 on the downside to as low as 1268.40 and reversing its course reaching a high of 1299 for the day. Gold continues to see some support this morning by the instability in Ukraine. Five Russian rebels were killed yesterday by Ukrainian forces further escalating tensions between the two groups. There is very limited news today, however, next week we will see plenty of economic data beginning with Pending Home Sales on Monday, Consumer Confidence numbers on Tuesday, ADP Nonfarm Employment Change on Wednesday, ISM Manufacturing PMI on Thursday, and NFP numbers on Friday. Still no settlement between the Platinum producers and the AMCU. Have a wonderful and fun weekend!!

No comments:

Post a Comment