June Gold closed down 13 at 1555.9. This was 10.2 up from the low and 27.6 off the high.
July Silver finished down 0.595 at 27.791, 0.874 off the high and 0.081 up from the low.
The gold market forged a rather wide trade range today in the face of some back and forth shifts in US economic data. It did seem as if the Euro also reversed course in the wake of the US home price survey, consumer confidence
And Dallas Fed manufacturing figures as those figures came in weak. Therefore gold saw some currency related pressure and it probably saw some pressure off the shift toward weaker data. Some players suggested that renewed anxiety toward Spanish and Italian debt was responsible for the reversal in prices today but surprisingly that line of thinking wasn't initially embraced in the US equity markets.
The silver market also forged a rather wide trading range today, with prices falling back below the prior session low well ahead of mid session. A softening of US data and adverse currency market action seemed to yank the rug out from under the silver market, which clearly underperformed relative to platinum and copper prices. Perhaps some silver bulls were growing frustrated with the ebb and flow of Chinese easing talk, while others were simply concerned about Euro zone affairs remaining in such a vulnerable status.
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