Precious Metals Recap - 3/27/2017 | RJO Futures

March 27, 2017 3:36PM CDT

April Gold closed up 6 at 1254.5. This was 9 up from the low and 6.5 off the high.

May Silver finished up 0.00382 at 0.1813, 0.0002 off the high and 0.0035 up from the low.

The combination of subdued risk appetites and a sharp selloff in the Dollar helped the precious metals markets make a strong start to the week as gold and silver posted moderate gains for Monday's trading session. While global markets were some distance away from a full-scale "risk off" mood, the approach of month-end and quarter-end fed into risk anxiety and helped to fuel liquidation selling across many sectors. In addition, the sense that US tax cuts and fiscal spending may have difficulty with approval after last week's health care reform failure has boosted inflows to safe haven assets such as gold. However, it was silver that was the strongest-performing metal market as it reached a 3 1/2 week high. The PGM sector saw a sharp reversal of recent form with palladium sustaining heavy losses while platinum ground out a modest gain.

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

The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that RJO Futures believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgement at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

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.

Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent that you have received this communication indirectly and solicitations are prohibited in your jurisdiction with registration, the market commentary in this communication should not be considered a solicitation.