Increased Dollar Hurts Gold, Silver Buying

Thursday is looking like another day of losses for gold and silver as a stronger U.S. dollar and generally low risk investing have quelled that interest for now. Gold is currently down $8.80 per ounce to $1,316.90. Silver is also down $0.127 to $16.41 per ounce.

Despite largescale turmoil in the Trump administration and fear over a possible trade war, U.S. stocks are turning a blind eye and are up somewhat today. Although it looks like the Trump administration is going to begin imposing even more trade tariffs and restrictions on China, it is unclear how strong these new restrictions will be.

In other markets, the U.S. dollar is higher on its index today. Similarly, pricing on Nymex crude oil is slightly increased from its losses yesterday. Copper on the N.Y. exchange is down 325 points to 312.55 cents today.