August 15, 2016 -- Gold and silver traded in a fairly narrow range last week. Mixed economic data has made it hard for trading algorithms to predict what central banks might do in upcoming months. U.S. stock markets also took a breather with the S&P 500 finishing the week nearly unchanged.

Many HUMAN investors are focusing attention elsewhere including on the Rio Olympics and presidential politics. This week, news headlines may focus on racism and violence in Milwaukee where rioters are torching businesses after police shot an armed black suspect.

We’ll see if this week’s schedule of economic data can break the impasse and give markets some direction. Tomorrow, investors get a look at CPI, housing starts, and industrial production. The Fed will release minutes from the most recent FOMC meeting on Wednesday.

Live prices at MoneyMetals.com show gold currently trading at $1,338.10 per ounce on the global market, and silver is coming in at $19.78.