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Gold, silver fall on strong US data; U of M sentiment

Exclusive Capital Ltd.

Market Recap

The big move overnight was in precious metals. Gold and silver fell after the US March producer price index rose at double the expected pace (+0.6% mom vs +0.3% expected) and initial filings for US unemployment benefits unexpectedly fell to the lowest level since Oct. 1969, when by the way the US population was somewhere around 203mn vs 323mn today, meaning that yesterday’s figure was about 0.06% of the population vs 0.10% in 1969.


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Exclusive Capital Ltd. Review

Source: https://www.exclusivecapital.com/gold-silver-fall-on-strong-us-data-u-of-m-sentiment/
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