Precious Metals Feeling Pressure

Despite the recent North Korean ballistic missile test and strong PMI data out of China, gold and silver are still being held back by yesterday's losses. Gold is holding at $1,283.70 per ounce following its 0.8 percent loss yesterday.

In other metals, silver's significant loss of 1.8 percent yesterday is holding the precious metal at $16.55 an ounce in today's session. Yesterday saw the platinum group of metals returning 0.8 percent, though they have recovered somewhat today at approximately a 0.5 percent growth.

Base metals are relatively split, with zinc down by 0.1 percent and copper losing 2.2 percent. Nickel is up 0.4 percent and lead rose by 0.3 percent. The dollar is up somewhat on its index at 93.17. The euro is consolidating at 1.1870.