Thursday, September 4, 2014
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.
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