After announcing a surprise 3.5-fold mining extraction tax increase in Russia last week, the government slightly reversed course. Silver mining will be excluded from the tax and new mining projects will also be shielded.
Gold is good and targeting much higher levels, but the Handle making is actually a correction to clear the riff raff from the investor base before that rally.
US durable goods numbers is the only US economic data release today. Big US economic data releases is on 30th September. (Q2 US GDP, September ADP job numbers among others) and also on 1st October and 2nd October.
