Precious Metals Recap – 10/23/2017Posted 10/23/2017 3:30PM CT |
December Gold closed up 2.8 at 1283.3. This was 9.7 up from the low and 1.4 off the high.
December Silver finished up 0.00027 at 0.17105, 0.00025 off the high and 0.00235 up from the low.
The precious metals have bounced back from early 2-week lows and are near unchanged levels during Monday’s trading session. Continued strength in the Dollar was a source of early headwinds for gold and silver. However, continued tensions in the Spanish region of Catalonia have ramped-up risk anxiety on both sides of the Atlantic. Both PGM metals remain in negative territory, although short-covering has helped platinum to outperform palladium.