July 30, 2018 -- Metals markets enter this week’s trading with mixed signals. Gold prices lost a bit more ground last week as the dollar edged higher once again. Silver and platinum each closed Friday little changed. Copper and palladium, meanwhile, each posted strong weekly gains.

Rising stock prices may have contributed to the weakness in gold. But there was heavy selling in some bellwether technology companies, dragging the NASDAQ index lower. If that translates to a more general selloff in stocks this week, gold may get a reprieve.

Investors got the first look at second quarter GDP on Friday. It showed strong growth, but the report has not shifted expectations for this Wednesday’s FOMC meeting.

Despite the best GDP data in 4 years, virtually everyone expects officials to leave interest rates unchanged for now and hike later in the year.

Along with the FOMC meeting, investors will be looking at key monthly reports on incomes and jobs. Most analysts are looking for solid growth on both fronts.



Check out live precious metals prices here:
https://goo.gl/sggYF1