by Gerardo Del Real
Gold was relatively flat this week, settling in the $1255 range. After several weeks of declines it appears to be consolidating a bit.
I’d still be cautious and expect to see a couple of head fakes before another leg down.
The dollar continues higher and closed up approximately 1.4% of the week.
Like gold, silver was also relatively flat, registering a slight gain of approximately 0.3% for the week and settling in the $17.43-an-ounce range.
Copper fell approximately 2.4% this week and closed at approximately $2.11/lb. while platinum and palladium were down approximately 3.1% and 4.1% respectively.