Morning Snapshot: Gold neared $1300 overseas

IMG Auteur
 
Published : April 17th, 2017
169 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

USAGOLD/Peter Grant/04-17-17

Gold extended to the upside in overseas trading to hit yet another 5-month high at 1295.46, before retreating back to near unchanged on the day. Most European markets are closed today for Easter Monday, so trading conditions remain thin.

Geopolitical tensions remain elevated, offering a solid underpinning to the gold market. Vice President Pence showed up in South Korea near the DMZ over the weekend to warn that the era of “strategic patience” with North Korea is over.

Rumblings of a possible preemptive strike against North Korea continue. Meanwhile, the Russians, Syrians and Iranians have all warned the U.S. against further strikes in Syria.

Additionally, the U.S. economy continues to sputter, offering additional support for gold. We saw further downward revisions to Q1 growth forecasts in the wake of Friday’s drop in retail sales and CPI. This morning, the NY Empire State Index plunged to 5.2 in April, well below expectations of 15.0, vs 16.4 in March. Nearly all of the post-election gains have new been erased.

Read the rest of the article at USA Gold
Data and Statistics for these countries : Georgia | South Korea | Syria | All
Gold and Silver Prices for these countries : Georgia | South Korea | Syria | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Top Ten Reasons I Buy Gold Silver [#7] - These Assets Come With a ...
21 Sepvictoriashores1
HI Jeff I have read your articles with a lot of interest in your feelings with the future of Gold and Silver. I'm 75 years of age and have ...
What Is the Correct Amount of Money?
20 Sepgfs543
If money is the heart of the economy, then the economies of the world are running with diseased hearts. Keynesians and other monetary intervention...
Pushback
20 SepGypsy
James, you're getting more difficult to read. As a Deplorable, I realize my under-education leaves me at a disadvantage when faced against the Mer...
Pushback
18 Sepdennyc3
If a university professor has been on the job for more than five years without venturing out into the world there's usually nothing to learn here. ...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
18 SepDRGEORGE
The world & the US $ have been on the brink for 10 years (or more). In 2008 it nearly happened but giving the 1% a stack of money saved the day. It...
'No evidence' of gold market manipulation, CPM Group's Christian in...
15 Sepneville
Despite being a so-called GOLD website ,I have read more anti GOLD articles on kitco than on any other site. Yes chris you are absolutely corre...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
15 SepSilverthumb2
I used to enjoy listening to Rickards. He sold out when he signed on with Agora Financial. Now he's just another ranting alarmist trying to get ri...
What's Killing the Jobs Market?
13 SepJ.0
It is hard to know where to begin to respond to your comment Recusant. You do not seem to understand how markets work. So, I'll throw out some po...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS