Live Metal Prices / oz
Gold: 2244.73 EUR
Silver: 26.92 EUR
Platinum: 874.15 EUR
Palladium: 967.13 EUR
Rhodium: 4973.54 EUR

Market Overview - January 14, 2017

07 Jul 2018 - Archive

Trump is beginning to deliver the boost to gold many investors expected back in November. The metal surges past $1,200 in reaction to his first post-election press conference. The market is disappointed in the President Elect's lack of economic policy discussion and sees gold as a good way to hedge against this uncertainty.

Elsewhere in the U.S economy, Initial Jobless Claims are up by 10,000 - further staining the viability of further rate hikes in 2017. 



Europe & Asia 

In Europe, the Brexit back and forth continues as usual. However, the economy of the continent remains stable with industrial output surging in November, according to recent data. 

In China, the long-predicted crackdown on Bitcoin has sent the price of the cryptocurrency into free-fall, once again proving that gold is the safest alternative to paper money. Much of the money leaving cryptocurrency will move into precious metals and support prices going forward.


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