Metal Markets Report For Monday, Oct 27

Image Source: Pixabay
In this video, Ira Epstein discusses the recent movements in the metals market, highlighting a significant drop in gold from $4,400 to the $4,000 range and a decline in silver from $52 to $47 per ounce. He notes upcoming economic data releases, including the Redbook retail sales, the Case-Shiller home price index, and the Richmond Fed manufacturing index.
Epstein also emphasizes the importance of the upcoming meeting between Presidents Xi and Trump, expressing hope for progress beyond past tensions.
Additionally, he analyzes the technical patterns in the gold market, indicating a shift to a corrective phase with lower highs and lows, while also commenting on broader economic challenges such as government spending and potential shutdowns.
Video Length: 00:07:20
More By This Author:
Financial Markets Report For Monday, Oct 27Metal Markets Report For Tuesday, Oct 14
Financial Markets Report For Tuesday, Oct 14