Precious Metals Recap - 11/15/2016

November 15, 2016 9:34AM CST

December Gold closed up 5.9 at 1227.6. This was 9 up from the low and 3.8 off the high.

December Silver finished up 0.00177 at 0.1707, 0.00065 off the high and 0.0025 up from the low.

The precious metals markets benefited from "turnaround Tuesday" as they went on to moderate gains for Tuesday's trading session and put some near-term brakes on their recent downdrafts. Although risk sentiment is on the mend while the Dollar remains well supported, a strong recovery move in crude oil may have been enough to trigger short-covering in both gold and silver. The PGM metals both headed in the same direction for a change as they benefited from stronger risk appetites, with platinum posting a moderate gain while palladium climbed back above the $700 level for the first time since early October.


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