Written Commentary
GOLD / SILVER
Trading conditions have been relatively quiet, but the precious metals are finding modest early strength. Although a deal has not been finalized, there have been signs that a Brexit deal will be announced today which along with a weaker Dollar have given gold and silver a modest boost this morning.
PLATINUM / PALLADIUM
The PGM sector is finishing the week with divergent price action as platinum has extended its recovery move with modest early gains while palladium has held within an inside-day range so far and is finding mild early pressure.
COPPER
Copper has been unable to follow-through on Wednesday’s positive reversal from a 2-week low and has kept within a fairly tight trading range coming into this morning’s action. While the March copper contract did reject a third straight spike down extension yesterday, the market has been without fresh supportive Chinese economic data for most of this week.
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