Monday, August 5, 2013
The precious complex is mixed but relatively unchanged from last week’s closing levels as we begin ..
The precious complex is mixed but relatively unchanged from last week’s closing levels as we begin the week. Unemployment claims,
GDP and PMI figures reported throughout last week seemingly point to an
improving situation on the domestic
economic front but unemployment remains a thorn in the side of monetary
policy makers. Non-Farm payrolls missed estimates by a pretty wide
margin and although the unemployment rate fell to 7.4%, some of that
decline was attributed to people dropping out of
the job market. Gold was pushed back above the $1300 mark on the
release of Friday’s jobs data and held to a close of $1310.40. The
yellow metal is off slightly from that number, now trading $1307.60.
Silver made a push back toward the $20.00 mark but fell
just shy with a high of $19.950 in the overnight hours. Silver now
trades $19.700 after closing Friday at $19.845. Platinum is roughly $3
lower from Friday’s clos and now trades $1447 while palladium is the
lone metal in positive territory, now trading $731.75.
Have a great day!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment