15th August 2017

 In our weekend note, we alluded to the possibility that gold could fall back on Monday given that the heated rhetoric about North Korea coming out Washington was notably not being matched by any increase in military activity by either side. Indeed, after a rather uneventful weekend, gold ended about $6/ounce lower and was even off by about $10/ounce at one point during the day. Silver and palladium both finished flat, but platinum lost more substantial ground, off some $18/ounce on the session.