Although hurricane Sandy shutdown trading on the New York Stock Exchange for Monday and Tuesday, metals futures contracts still traded on Globex, an electronic platform, and closed at their normal times.
Continue Reading Below
“The fundamentals of gold never halt — even with a storm looming,” said Jeffrey Wright, a managing director at Global Hunter Securities. “The attention this week will be on the employment report on Friday as well as U.S. election next Tuesday.
The U.S. Labor Department announced on Monday that it will work hard to make sure the jobs report is released on time this week. It is the final reading on the employment situation before the election. “It is our intention that Friday will be business as usual,” said Carl Fillichio, a senior press advisor for the department.
Investor Insight: Will Central Banks Hit an Amex Gold Limit?
If you would like to receive professional analysis on miners and other precious metal investments, we invite you to try our premium service free for 14 days.
Disclosure: Long EXK, AG, HL, PHYS