(Kitco News) - More talk about hikes from the ECB today. This comes after two weeks of plugging rate rises. There just seems to be some confusion about the speed and timing. A 25 bps hike is expected in July but the size beyond that is in question.
(Kitco News) - Gold is trading flat at the start of the week at $1809/oz. Silver is trading 0.15% lower at just under the $20/oz handle. In the rest of the commodities complex, copper (-0.78%) continues to struggle but spot WTI has risen 0.21%.
(Kitco News) - The gold/silver ratio has hit a 2 year high. Silver has been moving lower in recent sessions and has recently taken out significant support at $20.46/oz. Gold has also been looking subdued but the consolidation low is still holding.