The precious metals group is all in the green across the board this morning.

The precious metals group is all in the green across the board this morning. Doubts of any peace settlement brokered by Russia for the Ukraine has grown and the market has taken that into account, more so though for the price palladium. However the bigger influence on prices overall are the ECB rate decision down to .05% from .15%  and the announcement of their own version of QE which is to begin in October. The ADP Payroll report was lower than expected at 204k. The ISM Manufacturing number for August was better than expected compensating any negative sentiment for the US dollar after the ADP report. However we can expect to see a quiet day for precious metals ahead of the Unemployment Data for the US which will be released tomorrow morning.