Commodities Front: Gold Silver and Crude
It was another choppy session for the precious metals.
Dec gold settled lower by 0.1% to 1829.70 oz, and Dec Silver gained shed 0.2% to finish at 41.66 oz.
Both precious metals traded to their lowest levels of the session, at 1815.50 and 41.20 respectively, in midmorning trade.
Gold spent the remainder of the session recouping those losses and closed near unchanged ahead of tomorrow's NFP data.
Silver futures recouped their sell-off rather quickly and spent the remainder of the day chopping around the flat line.
Headlines that operators in the Gulf of Mexico are evacuating non-essential personnel due to the formation of a tropical wave and tropical storms in the area helped Oct Crude Oil, which settled up 0.1% to 88.93 bbls recoup modest losses.
After a modest stint in positive territory, futures pulled back to the flat line where they closed on the session.
Oct Nat Gas closed lower by 0.5% to 4.03 per MMBtu.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.