Gold, U.S. Dollar Both Consolidate Somewhat

Precious metals are mostly unchanged today, with the exception of spot gold at $1,273.62 per ounce, down 0.1 percent. This is in strong contrast to yesterday which showed significant movement for precious metals. While silver lost 0.3 percent yesterday, palladium gained 0.8 percent. Platinum and gold both rose by 0.2 percent yesterday.

Base metals also are posting few changes on this quiet trading day. Nickel is up 0.6 percent to $10,640 per ton. Tin lost 0.2 percent today, to $20,755 per ton. Three-month copper is up 0.1 percent to $6,517 a ton.

The U.S. dollar consolidated somewhat today, closing at 93.54. The euro is also consolidating at 1.1755, along with the yen at 112.79. Spot Brent crude oil hasn't changed much at $55.72 per barrel. U.S. ten-year treasuries yields are up a bit at 2.33 percent. The German ten-year bund yield is looking better at 0.46 percent.