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Gold and Silver Outlook for October 7-11

From tradingnrg.com

The precious metals market has stabilized in the past couple of weeks after the September FOMC meeting. This week, however, the publication of the minutes of that FOMC meeting could reignite the gold and silver market. Furthermore, the recent U.S government shutdown has raised the uncertainty in the markets and has also resulted in the non-farm payroll report not getting published on Friday. Despite the shutdown several U.S reports were published last week: U.S jobless claims remained stable at 308k; manufacturing PMI slightly rose to 56.2%, while non- manufacturing PMI slipped to 54.4. ADP estimated 166k private ... (full story)

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