Precious Metals Recap - 6/29/2017

June 29, 2017 3:33PM CDT

August Gold closed down 3.5 at 1245.6. This was 5.9 up from the low and 7.6 off the high.

September Silver finished down 0.00136 at 0.16655, 0.0026 off the high and 0.0004 up from the low.

 

Trade disappointment on the performance of gold, silver, platinum and palladium this week in the wake of the sharp declines in the dollar highlights that outside markets declining influence. Surely the metals markets are undermined as a result of the shifting central bank prospects, and it is also likely that the overall improvement of economic sentiment is chasing weak handed safe haven longs out of positions. Another issue that is undermining bullish sentiment is the impending implementation of a fresh tax in India as that could curtail gold demand and also curtail the Indian economy.

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