Metals Firmer Ahead Of Italian ReferendumMetals Firmer Ahead Of Italian Referendum
Friday December 02, 2016 09:16
(Kitco News) - The November nonfarm payroll number came in at 178,000, in line with expectations. Although some volatility occurred when it released, the number was a non-event as a catalyst for the metals. The dollar, however, has again softened, albeit modestly, but enough to encourage some buying in the metals complex. I would suspect the levels for today should be corralled between $1,165 and $1,178, with a likely prospect of a firmer tone coming into the weekend because of the Italian referendum. A no vote may create enough angst to push gold back into the $1,192 area as we come in Monday morning.