17th May 2017

In the precious metals group, prices continued to work higher over the course of Tuesday’s session, with gold gaining ground for a fourth consecutive day. There were modest advances in silver and platinum as well, although palladium fell back, finishing below the $800/ounce mark. 

Much of the advance in the group was attributable to a weaker dollar; the greenback fell to a six-month low basis a general index on the big story of the day, i.e., the alleged release of classified information by President Trump to visiting Russians. Apparently, sensitive information was disclosed at the talks, something that typically should have been kept under wraps.