Gold Heading for Technically Bearish Down Week, But Fundamentals Still Positive

In New York yesterday, gold saw a gain of $2.29/oz at its session high of $1109.94/oz before falling to see a loss of $7.10/oz at $1100.55/oz shortly afterwards. It then climbed higher for most of the rest of day and ended near its earlier high with a marginal gain of 0.005%. Silver dropped to see a loss of $0.16/oz. It fell as low as $16.83/oz before it also climbed higher and ended near its late session high of $17.15/oz with a gain of 0.9%.