Recent Precious Metals Gains On Hold Ahead of FOMC

Precious metals are split today as market participants await the release of FOMC meeting minutes. Gold is currently little changed, as is silver. The yellow metal is currently at $1,289.07 per ounce.

In other metals, the platinum group metals (PGMs) are looking better today, with palladium rising by 0.5 percent and platinum up 0.2 percent. Yesterday was also a very strong day for all precious metals. Base metals are down an average of 0.7 percent today. Zinc lost the most with a 1.3 percent decline. Lead is down 1 percent, and nickel is down 0.7 percent. Tin and aluminum lost 0.5 percent each and three-month copper has slipped to $6,739 per ton today - a loss of 0.2 percent.

Spot Brent crude oil is looking good on international markets - the commodity is currently up to $56.73 per barrel, an increase of 0.34 percent. The yield on U.S. ten-year treasuries is down to 2.36 percent while the German ten-year bund is stronger at 0.46 percent. The U.S. dollar is looking weaker again on its index, coming in at only 93.19.