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Gold Silver hot buzz for 13 Jan 2017

Gold Silver hot buzz for 13 Jan 2017

Silver trading range for the day is 40438-41524.Silver prices dropped despite the dollar fell after U.S. President-elect Donald Trumps long-awaited news conference gave few details on economic policy. The number of Americans filing for unemployment benefits rose less than expected last week, pointing to a tightening labor market. Federal Reserve Chair Janet Yellen did not comment on the outlook for the U.S. economy or monetary policy in remarks to teachers.

Gold trading range for the day is 28234-28600.Gold price gained while Comex Gold test $1,200 for first time in two months after president-elect fails to address spending plans. Trump delivered a wide-ranging briefing that lasted longer than expected but contained no details on tax cuts and infrastructure spending Gold has been bullish in early 2017, but with big investors taking flight amid forecasts from the Fed for three rate rises this year.

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