Gold and silver bounce off support, but still lack sparkle
Precious metals are hardly glistening at present with gold range-bound and awaiting stimulus while silver is hitting lows last seen in 2016.
Head of Commodity Strategy
Financial markets are growing increasingly nervous ahead of Thursday, when President Trump is expected to slap another round of punitive tariffs on Chinese imports. The dollar is seeing some broad-based gains while stocks are trading lower.
The reaction in commodities has been broadly negative with crude oil and products being the noticeable exception as momentum buyers respond to Iran supply risks and Tropical Storm Gordon currently moving through the Gulf of Mexico.