Precious Metals Recap - 9/21/2017

September 21, 2017 3:32PM CDT

December Gold closed down 21.9 at 1294.5. This was 3.3 up from the low and 10.5 off the high.

December Silver finished down 0.00324 at 0.1701, 0.00215 off the high and 0.00145 up from the low.

 

The precious metals remained squarely on the defensive as they went on to post sizable losses for Thursday's trading session. While the Dollar has pulled back from its highs, it is still far above where it was at yesterday's gold and silver close so it was a major source of pressure on both metals. A lack of fresh news from North Korea as well as positive US economic data led to additional safe-haven outflows. The PGM's had mixed results as platinum remained under pressure and reached a new 1 1/2 month low while palladium was able to follow-through on yesterday's positive reversal and is grinding out a modest gain.

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.