It was 'risk on' and gold and silver were hit hard in a cheap shot on weakness, in the manner of a calculated bear raid as the Comex closed and the thin Globex session opened.
The dollar gave up a little more ground.
Nothing is resolved in Europe, and the debt ceiling crisis in Washington is highly artificial, more of an ideological impasse, or even coup d'etat, than a genuine crisis.
Let's see how the correction goes. Just for reference, gold has had its strongest rally off support since 1980, so a pullback is warranted and expected here.
As a reminder it is option expiry on the Comex next week.
