Thursday 1 November 2018

Gold net higher

The precious metals of Gold and Silver saw net October changes of +$18.80 (1.6%) to $1215, and -$0.43 (2,9%) to $14.28 respectively. Mid term outlook offers further downside, as US rates are still regularly being raised, which should help to maintain a broadly strong USD.

Gold monthly1b

Silver monthly1b


Suffice to add... a net October gain for Gold, but that sure doesn't break the m/t bearish trend. Silver was weak, clearly pressured via the broadly strong USD in the DXY 96s.