| | |
|
USAGOLD/Peter Grant/08-14-17
Gold eased in overseas trading to begin the week as U.S. and South Korean officials played-down the possibly of war. The retreat from in front of 1296.06/1300.00 leaves the upside protected for the time being, but thos morning’s dip already seems to be attracting buying interest.
“I am certain the United States will respond to the current situation calmly and responsibly in a stance that is equal to ours,” said South Korean President Moon Jae-in. U.S. National Security Adviser H.R. McMaster said, “I think we’re not closer to war than a week ago, but we are closer to war than we were a decade ago.”
This talk is much more tempered than some of the fiery rhetoric from both sides heard last week. However, things could escalate again if North Korea conducts another missile test, as some are anticipating.
The U.S. calendar is quiet today. July retail sales along with import and export prices are out tomorrow. Later in the week we’ll see industrial production and LEI.
| |
Read the rest of the article at
USA Gold
