Gold-futures speculators' leverage enables them to bully gold prices. Despite some of the largest shorting on record and resulting investment selling, gold proved resilient.
I expect spot gold to trade over $1956 key resistance. For spot silver, I will look for the ability/inability to break past $25.00 today and next week.
This week, data is coming regarding jobs and employment, plus the Personal Consumption Expenditures (PCE) index. There's so much information in very thin trading markets.
Gold and silver rose last week and yesterday due to lack of major US economic data releases. There was a delinking from rising bond yields and rising US dollar index.
