RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

June Gold closed up 3.4 at 1254.6. This was 8.2 up from the low and 1.3 off the high.

May Silver finished down 0.00001 at 0.18255, 0.00035 off the high and 0.00165 up from the low.

All things considered, the gold market performed fairly impressively to start out the new trading week. In fact, the gold market rallied in the face of strength in the dollar and divergence with silver. Issues that might have lent support to gold prices today were the Russian terrorist incident, talk of good Indian demand, noted weakness in US equities and what appeared to be a measure of uncertainty following US schedule data flows.

Hightower Report