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Gold is modestly lower Thursday and Kitco News speaks with senior technical analysts Jim Wyckoff to see where he thinks the metal is headed for the rest of the week. Jim says the gold and silver market are at the palm of the U.S. dollar index’s hand. “The bears do have the near term technical advantage and that means the path of least resistance for prices is sideways to lower, same goes for silver,” he says. “Those FOMC minutes on Wednesday afternoon in my mind only added more uncertainty to an already uncertain marketplace.” Jim gives both gold and silver weaker market ratings for the week. Tune in now to find out why. Kitco News, April 9, 2015.
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