Precious Metals Recap – 9/5/2017Posted 09/05/2017 3:30PM CT |
December Gold closed up 13.4 at 1343.8. This was 12.7 up from the low and 5.9 off the high.
December Silver finished up 0.00134 at 0.1795, 0.0014 off the high and 0.00115 up from the low.
The precious metals found two sources of strong support as both gold and silver posted moderate gains for Tuesday’s trading session. Events in North Korea continued to fuel risk anxiety in many market sectors, which in turn provided precious metals with strong safe-haven inflows. In addition, a pullback in the Dollar was given added momentum by a sluggish durable goods reading that provided a further boost to gold and silver prices. The PGM’s pulled back from their early highs down to unchanged levels as platinum held the upper hand on palladium.