Gold & Silverbeta

December 11, 2012
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The definitive group for discussing all things related to the precious metals

A resourceful community for those who hold, plan to purchase, or are helplessly infatuated with gold & silver

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davefairtex
By davefairtex on Wed, Sep 17, 2014 - 1:47am

PM Daily Market Commentary - 9/16/2014

Gold closed up +1.80 to 1235.60 on moderately heavy volume, while silver was up +0.02 to 18.69 on moderate volume.  PM spiked higher twice - once in London trading as the dollar started to move lower, and again after several news article hit the wires at 1130 EDT regarding more stimulus from China, a Ukraine settlement proposal, and a Jon Hilsenrath prediction suggesting the Fed would lean towards dovishness in its FOMC statement tomrrow.  While gold spiked to 1243 and silver 18.88, neither metal was able to hold its gains into the close.

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