by Gerardo Del Real
Gold was mostly flat for the week but did manage a gain of 1%, closing at $1,267 an ounce.
Silver was relatively flat as well and closed at $17.49 an ounce, a loss of 0.3%. Copper was down 1% for the week and closed at $2.09/lb.
Platinum was also down 0.3% and closed at $932 an ounce while palladium was down 4.3% and closed at $621 an ounce.
The European Central Bank’s decision to leave its monetary policy unchanged contributed to a stronger dollar.
The consolidation in the gold and silver price feels like another leg down is imminent. A leg down that will provide new opportunities to buy the best juniors at a discount.