Blog posts tagged with 'precious metals'

Good morning. The #preciousmetals are mostly higher in early U.S. trading.

U.S. calendar features ADP Employment Survey, Services PMI & ISM, EIA Data, #FOMC Policy Statement (+25bps exp).

The gold market is showing very little direction this morning and is also exhibiting very little in the way of volatility. That is likely to change within the next 36 hours with the Fed decision tomorrow expected to set a near-term trend for prices.

However, we think the silver market will diverge from gold with classic physical commodity market fundamentals driving silver prices.

Unfortunately for the bull camp in gold, the dollar index appears to be poised to break out to the upside of a 3-week sideways consolidation pattern today perhaps because of signs of negotiating in Washington to avoid a government shutdown...[MORE]

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Good morning. The precious metals are mostly lower in early U.S. trading.

U.S. calendar features Factory Orders (+1.3% exp), JOLTS Job Openings, Auto Sales.

2-day FOMC meeting begins.