It was a rough day for the precious complex on Thursday as pressure from the currency markets exacerbated the fall-off from Wednesday’s less-than-dovish Fed statement.

It was a rough day for the precious complex on Thursday as pressure from the currency markets exacerbated the fall-off from Wednesday’s less-than-dovish Fed statement. The euro got clobbered as Eurozone CPI  reportedly reached a 4-year low of .7% last month missing estimates of 1.1%. Gold is still feeling some downside pressure to start the day and, after having closed the previous session at $1323.70, now trades $1314. The rest of the complex has bounced modestly to the upside to begin the month. Platinum is perhaps finding some support from the growing threat of strike action in South Africa. The AMCU has reached another wage dispute, this time with Lonmin. In other global economic news, China’s official PMI edged up to 51.4 last month form a 51.1 reading in September. Market participants will take in The Institute of Supply Chain Management October index at 10:00 am and then contemplate which candy they will confiscate from their children when they get home tonight! Have a great weekend!