Precious Metals Recap – 11/1/2017Posted 11/01/2017 3:49PM CT |
December Gold closed up 5.4 at 1275.9. This was 7.4 up from the low and 6 off the high.
December Silver finished up 0.00462 at 0.17155, 0.00055 off the high and 0.00485 up from the low.
The gold market did manage a four day high in the trade today but was unable to hold that pulse higher. To be fair to the bull camp the market did manage the rally in the face of ongoing strength in the dollar. While the trade in press did not attach significant importance to the very favorable Chinese gold demand news overnight we would suggest that element could play loudly in the market over the coming months.