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Metals Looking To Move Higher On USD Retreat
The metals complex has started the week with a bid tone as both gold and silver attempt to trade to the upside here. Relatively speaking, price actions remains fairly muted for now and with the US markets offline for the MLK holiday, flows are likely to remain light today. Metals prices have been subdued over recent sessions though are still sitting higher against the 2022 lows, keeping the focus on further upside in the near term. The key driver for metals markets remains USD at this point. Last week saw a slew of key US data with CPI, PPI and Retail Sales for December all coming through. While retail sales and PPI ... (full story)
