First, and foremost, our thoughts and
prayers go out to everyone who has been impacted by Hurricane Sandy.
There are still some dangerous conditions out there so be safe and we
wish you a speedy recovery!
While New York City, and much of the
Northeastern U.S., forges ahead with clean-up efforts financial markets
in Lower Manhattan reopened today following a two day closure. The PGM
complex managed to hold itself together amid thin/choppy
trading conditions over the first two days of the week. Given that it’s
the last day of the month and markets are just now opening for the week
it could prove to be an active day across the financial landscape as
many look to square the books. Gold is trading
roughly $6 higher at $1718 in early trading but the big movers are
silver (up 1.1% to $32.165), platinum (up 1.18% to 1572) and palladium
(up 1.70% to $606.30). Across the pond, data from Eurostat showed the
regions unemployment reached 11.6% in September.
However, the euro is holding pretty steady at the moment, currently up
.2% to $1.2992. Here in the U.S. there is not much on tap for the day
but investors will continue to digest earnings reports and prepare
themselves for Friday’s October unemployment numbers,
the last reading before Election Day! Have a great day!
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