Gold and Silver Trading On A Positive Note

Gold and Silver Trading On A Positive Note

This morning precious metals are trading on a positive note, with gold at 1647.75 andsilver at 30.123 breaking back above the 30 price level. Precious metals prices inched up yesterday off the previous session’s four-month, boosted by lackluster US jobs data which supported expectations for continued monetary easing from the Federal Reserve. Last week the release of the FOMC minutes indicated that the Fed’s might cut monetary stimulus after the first half of 2013, but markets gained reassurances that the end of stimulus was not in the cards with the Friday’s release of the nonfarm payroll data showed a climb in the unemployment rate. Continue Reading...

By FX Empire Analyst - Barry Norman