Precious Metals Recap – 9/21/2017Posted 09/21/2017 3:32PM CT |
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.