Fundamental

Gold dropped rather quickly during the trading session on Monday, as it looks like the chaos in the silver market is starting to influence what is going on over here as well.

The Euro pulled back a bit during the trading session on Monday against the Japanese yen, as we continue to see a lot of noisy overall trading behavior.

The British pound has been pretty choppy during the Monday session as we continue to hover around the 1.35 level.

The light sweet crude oil market continues to see a lot of volatility on Monday, as we have in fact gapped to the upside and then rallied a bit, but we are already starting to see some of the strength leave the market.

EUR/USD struggled to make a decisive move in either direction on Monday to close virtually unchanged. The pair continues to move sideways, slightly above 1.1750, in the European session on Tuesday.

Gold prices edged sharply lower in the American session on Monday, with the bright metal currently hovering at around $4,330, after flirting with the $4,550 figure at the beginning of the new week.