September 6, 2016
Gold and silver have extended their gains made on the back of the weaker-than-expected U.S. employment report on Friday. The dollar-denominated commodities have obviously found support from a slightly weaker dollar as investors lowered their expectations about the timing of the next rate increase. With the key U.S. ISM services PMI due to be released shortly, the near-term outlook for the dollar, and in turn precious metals, could change course once again.