We had a rip-roaring day in the commodity markets on Wednesday, as a sharply weaker dollar turbocharged a number of complexes. Gold finished about $20/ounce higher on the day, hitting a six-month peak, while silver tacked on a whopping $.65 to finish at a four-month high of $17.56. Platinum and palladium each ended up by $12/ounce and $22/ounce respectively, finishing at $1020 and $1106. Outside of the precious space, base metals also soared, led predominantly by copper (up 3% on the day) and nickel (up by about 5%). Oil prices also took off as well despite starting the day in rather subdued fashion; by the close, WTI ended $1.40 higher, finishing at just under $66/barrel.
|Precious Metals Daily Report --- January 25 2018.pdf||464.83 KB|