Bullion Market Update
COMEX gold trades mixed near $1740/oz after a 1.4% gain yesterday. Supporting gold is weak economic data, US-China tensions, concerns about second wave of infections and hopes of additional stimulus measures. SPDR ETF holdings have risen to April 2013 highs.
COMEX Silver has risen over 1% to trade near $17.3/oz after a 3.1% gain yesterday. Silver has risen on back of firmer gold price, robust ETF buying interest and supply concerns as Mexico plans to delay restart of mining activity by two weeks.