Silver leads the breakout for gold, but resistance looms

From forex.com

Soft US retail sales data has rekindled hopes that the Fed may have more leeway to cut rates sooner than they're letting on. This has provided a nice bounce for metals in Thursday's Asian session, with many now waiting to see if momentum can be sustained when US traders return to their desks after the mid-week public holiday. Silver is up 2.3% and at a nine-day high after breaking back above $30 near the end of the session. After a bit of a delay, gold is now catching a bid and is up 0.6% ahead of the European open. Copper is also up 0.5%, although it has pulled back after rising 1.7% earlier in the session. Given ... (full story)