The precious metals are narrow trading on a daily scale as the dollar; their opponent, is consolidated since there's a lack of fundamentals to be reported and due to fears and hopes spread throughout the markets as on one hand the overall earnings posted these past days from huge and known U.S corporations are so far cheerful, while that on the other hand worries are detected ahead of Bernanke's speech that will take place later on today, knowing that the future of monetary policies will be discussed.
As a result of this mixture of sentiments spread, the dollar index, which shows the strength of the green Benjamin in front of a basket of currencies, is narrow trading around 75.55 recording a high of 75.90 and a low of 75.40.
Consequently, the yellow precious metal prices are narrow trading as well due to the inverse relation it has with the current consolidated green Federal currency, having gold so far trading around $1052.39 an ounce recording a high of $1056.46 an ounce and a low of $1047.95 an ounce.
As for the other precious metals; the silver and the platinum, we could watch so far the silver prices narrow trading to trade so far around $17.39 recording a high of $17.54 and a low of $17.53, while that platinum prices are inclining slightly as a result of the cheerful earnings so far reported to trade at $1353.50 recording a high of $1339.50 and a low of $1339.50.