The United States Fed looks likely to increase interest rates this month as a result of strong economic data and Trump's huge spending plans. The U.S equities markets continue to make record highs, as does the Dollar and ten-year Treasury yields. These factors have caused precious metals to underperform this month.
Gold ETF (GLD)
In Europe, the economy is also improving, with almost every nation in the union growing at the game time. But the looming threat of populist victories, especially in France and Italy drive a wedge of uncertainty into the rosy picture. Also, the situation in Greece is far from resolution. The nation's economy shrank 1.2% in a single quarter; unemployment rises to 23.1%.
In Britain, the situation is still complicated. Scotland independence is a real possibility, and a constant barrage of negative Brexit coverage may soon drive foreign investment out of the country.
