Precious Metals

This morning, silver rose 0.3 percent, or $0.06, to trade at $20.22 per ounce. INTL FCStone analyst Edward Meir believes that geopolitical tensions may have lost their ability to make a serious impact on the price of precious metals.

This morning, silver rose 0.3 percent, or $0.06, to trade at $20.22 per ounce, according to Reuters. Precious metals received a boost from Chinese data showing that in July the country’s service sector experienced its slowest growth in close to a decade. However, a strong dollar moderated that upward movement.

INTL FCStone analyst Edward Meir told the news outlet that geopolitical tensions seem to have lost their ability to make a serious impact on precious metals prices. While there have been spikes related to events in Israel and Ukraine, those gains tend not to last.

MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1830.97+3.90
Silver21.16+0.04
Copper3.78+0.03
Palladium1887.50+14.49
Platinum912.50+5.55
Oil106.52-1.10
Heating Oil4.22-0.02
Natural Gas6.14-0.08

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