Precious Metals Recap - 10/30/2017

October 30, 2017 3:31PM CDT

December Gold closed up 5.5 at 1277.3. This was 7.5 up from the low and 2.6 off the high.

December Silver finished up 0.00098 at 0.1685, 0.0005 off the high and 0.0016 up from the low.

 

The gold market started out in positive territory today and added to that recovery bounce throughout the trading session. Not surprisingly, weakness in the dollar provided the brunt of the bullish psychology for gold and silver but one might also suggest that bullishness was prevalent throughout the metals complex. In fact gold didn't seem to be held back by anemic US inflation or a moderation in geopolitical anxiety from the events in Spain.

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