Gold & Silverbeta

December 11, 2012

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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By davefairtex on Mon, Oct 24, 2016 - 11:46pm

PM Daily Market Commentary - 10/24/2016

Gold fell -1.70 to 1265.00 on moderate volume, while silver rose +0.06 to 17.59 on moderate volume also.  PM prices bounced around today, driven up first by a NAI report which suggested contraction (although less contraction than the prior month), and then lower following a PMI flash manufacturing index which showed some surprising expansion.  Put more simply, gold popped at 08:30, and it fell again at 09:45, with the round-trip ending more or less back where it started.

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