November 03, 2017

Gold prices are trading $1,275.50/oz. this morning, down $0.50. Yesterday, Powell was picked to be the new Fed chief. Yesterday, Gold prices traded as high as $1,284.00 in a day when GLD holdings fell 114K. Non-farm payrolls (8:30am ET) are expected to jump by 313K following the hurricane; the rate itself is expected unchanged at 4.2%.