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Are US-China Jitters Affecting Precious Metals?

Meera Shawn
Are US-China Jitters Affecting Precious Metals?

Gold, silver, platinum, and palladium increased 0.33%, 1%, 2.4%, and 4.2%, respectively, on Monday. Gold futures for April expiration were trading at $1,336.3 an ounce on Monday, April 9. The volatility in gold was at 10.4%, while its RSI level was at 59.7. Silver futures for April expiration closed at $16.5 per ounce. Silver’s volatility was at 17.4% and its RSI level was at 58. Platinum and palladium were at $933.9 and $933.5 an ounce, respectively. These two metals are once again at the same level, so it will be interesting to see which one picks up from here.