Precious Metals Recap - 9/8/2017

September 8, 2017 3:33PM CDT

December Gold closed up 1 at 1351.3. This was 4.2 up from the low and 11.1 off the high.

December Silver finished down 0.00071 at 0.18045, 0.00245 off the high and 0.0008 up from the low.

 

The precious metals fell back from their early highs and closed near unchanged levels midway for Friday's trading session. The North Korean situation remains unresolved and Hurricane Irma heads toward Florida, both of which continue to provide both metals with underlying safe-haven support. However, a rebound in the Dollar has triggered profit-taking and long liquidation in gold and silver. Both PGM metals fell back on the defensive in spite of bullish South African near-term supply news, with platinum holding the upper hand on palladium.

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.