Dollar Strengthens, Continuing Pressure on Gold

Today's trading was again marked by a gold and silver losing ground thanks to a stronger U.S. dollar. Silver lost 0.3 percent today, while gold is down 0.5 percent today, to $1,247.20 per ounce.

However, the platinum is up 0.3 percent while palladium is somewhat better off at $934.10 per ounce. Base metals are following suit with gold and silver and are mostly weaker today. However, copper is the exception, rising by 0.3 percent to $6,518 per ton. Base metals lost an average of 0.2 percent today.

Spot Brent crude oil slipped by 0.3 percent today, down to $56.52 per barrel. U.S. ten-year treasury yields are up to 2.36 percent, and the German ten-year bund is up as well at 0.48 percent. The U.S. dollar is climbing higher again, up to 93.42 today, just shy of its recent high of 93.67.