Precious Metals Recap - 9/6/2016

September 6, 2016 10:35AM CDT

December Gold closed up 27.5 at 1354.2. This was 28.7 up from the low and 3 off the high.

December Silver finished up 0.00764 at 0.2013, 0.0009 off the high and 0.0075 up from the low.

The ongoing realization that the US Fed won't be able to hike interest rates this month allowed the bull camp to push up gold and silver prices to start the holiday shortened trading week. In fact, with soft service sector data from the US that was taken by the trade as further confirmation that the Fed will be handcuffed until the December Fed meeting. Adding into the upward track in precious metals prices was developing weakness in the US Dollar.

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.