Precious Metal Futures-- the precious metals today rallied after early a sharp selloff in gold and silver due to a strengthening dollar, but reversed to rally sharply higher for the day with gold finishing up $13 dollars at $1,712 an ounce with silver reversing a $.70 loss in early trading only to rally up $.43 cents to finish at $34.25 an ounce in heavy trade.

The precious metals today rebounded from heavy losses in the last several days with gold leading the charge higher climbing  $11 dollars for the April contract closing around $1,683 an ounce while silver rallied as well climbing $.62 cents in the May contract closing at $33.40 an ounce in heavy volume in New York today.

The precious metals today are plummeting on the fact that China's growth outlook is going to be slowed to 7.5%  which is the lowest in many years putting huge pressure on the stock market and the commodity markets with gold down a whopping $40 ounce trading $1,664 while silver is down sharply for the third straight day down 120 more cents at $32.60 an ounce right at support while gold has broken the $1700 support.Copper futures were sharply lower dow

The precious metals opened up slightly lower this morning with gold selling off more than $15 dollars last night however, now only down $3 dollars currently trading around $1706 an ounce with silver coming off the highs of last night and at one point being up $.45  cents but currently down five cents at $34.47 an ounce while platinum futures are also lower by $21 dollars and trading at $1671 an ounce while Palladium futures are slightly lower at 708.70.