Gold had a small pull-back overnight, not unexpected after a few days of gains saw the yellow metal rally nearly USD $60 Today, gold is sitting just above USD...

Jordan Eliseo

Gold had a small pull-back overnight, not unexpected after a few days of gains saw the yellow metal rally nearly USD $60 Today, gold is sitting just above USD $1250, with silver above USD $20.00 as markets put more weight on the possibility of a December tapering, a possibility given more credence with US budget deal. Indeed, with a solid GDP print (even if it was mostly inventory), strong NFP and ADP results, jobless claims below 300,000 and unemployment back at 7%, it's hard to see what would stop the Fed from tapering. Regardless, for now at least, the gold market has seemingly shrugged the news For a full report, including a look at the latest news on Chinese imports of physical bullion, refinery shortages in Switzerland, and a look at whether or not we've really seen a bottom for gold yet, please click on the link below (VIEW LINK)


About this contributor

Jordan Eliseo

Jordan Eliseo

, ABC Bullion

ABC Bullion Chief Economist. Gold bull since early 2000s, have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and causes of the GFC. Lover of markets, competition & technology

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