It could be a relatively quiet day for the precious complex

It could be a relatively quiet day for the precious complex with little in the way of economic reports to spark activity in either direction. Chinese inflation data released overnight showed that citizens of the world’s #2 economy paid just 2.1% more for goods and services in the month of March compared to February’s 3.1% increase. This has alleviated concerns of tighter monetary policy in the country, for the time being, and has lent support to the broader industrial commodity complex. However, focus has shifted back to the U.S. front as first-quarter earnings season commences. The Fed will release last month’s minutes tomorrow but with current benchmarks - inflation and unemployment targets- still far from being met, whatever is in those minutes probably won’t surprise anyone. Gold is little changed from yesterday’s close at $1572.50, up just a few dollars to $1575 at the moment. Silver is roughly .75% higher on the day, up about $.20 from yesterday’s close at $27.138. platinum and palladium are little changed from the end of yesterday’s session as well. Have a great day!