Silver Micro Futures Market News and Commentary
Dec Comex gold (GCZ19) on Tuesday closed up +2.4 (+0.16%), and Dec silver (SIZ19) closed up +0.118 (+0.69%).
Precious metals on Tuesday recovered from early losses and rallied to 1-week highs on uncertainty about a U.S./China trade deal along with gold-positive comments from the Governor of the Bank of Japan.
Precious metals prices were boosted by uncertainty about whether there will be a US/China trade deal after reports that the U.S. and China continue to tussle over China's demand for a rollback of tariffs.
Another positive for gold prices was Tuesday's comment from BOJ Governor Kuroda indicating that the BOJ could expand stimulus measures after he said the BOJ has sufficient room to lower interest rates further if risks were to increase to the economy or to price momentum.
Tuesday’s U.S. housing data was mixed for economic growth prospects and central bank expectations. Oct housing starts rose +3.8% to 1.314 million, weaker than expectations of +5.1%... Read more