Precious metals are catching some mild buying interest this week as the U.S. dollar slumps. On Thursday, the Dollar Index fell to a two-month low.

Global equity markets didn’t seem bothered. They are posting gains this week, which is limiting the appeal of gold and other safe-haven assets.

Gold prices currently come in at $1,492 per ounce, up a fraction of a percent since last Friday’s close. Silver, meanwhile, is posting a slight 0.2% decline on the week to trade at $17.60 an ounce. Silver prices have ranged around the $17.60 level for the past few weeks. A heavy commercial short position in the futures market appears to be keeping a lid on rally attempts for the time being.

Turning to platinum, prices are down 1.1% this week and currently check in at $889. And finally, high-flying palladium is up 2.9% on the week to trade at a l ... Read more »