Silver Dec '20 (SIZ20)
Silver Futures Market News and Commentary
Dec Comex gold (GCZ20) on Thursday closed down -20.6 (-1.05%), and Dec silver (SIZ20) closed down -0.376 (-1.37%).
Precious metals prices on Thursday tumbled to 1-week lows on long liquidation pressure after global central banks failed to signal that they would boost stimulus measures. Losses were limited by a decline in the dollar along with weaker-than-expected U.S. economic data.
Gold opened lower Thursday on Wednesday afternoon's comments from Fed Chair Powell, who said the Fed is "satisfied" with the current size and shape of its asset purchase program, which dashed hopes that the Fed might expand its QE program.
Gold prices fell further Thursday after the BOJ failed to boost its stimulus measures and instead upgraded its economic assessment. The BOJ at Thursday's policy meeting kept its benchmark interest rate at -0.1%, and left the yield target and asset purchases unchanged. The BOJ also upgraded its economic assessment for the first time since the Covid... Read more
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