On Tuesday, the markets closed lower in anticipation of the U.S President Donald Trump's first address to Congress. They look to open much higher in response to his pro-business attitude toward deregulation and tax policy.
Trump also reiterated his 'America first' policy stepping back from his colloquial title as 'leader of the free world.'
In Europe, the market keenly watches the French presidential election. According to polls from Iflop, Le Penn's lead over Emmanuel Macon has declined to only 1.5 percent. French bond prices rallied in response to her 'diminished' chance of victory.
But as anyone who has learned from the United Kingdom's Brexit and America's election victory knows that polls are a virtually meaningless way to call this result. Perhaps politics is just a distraction from the Eurozone's healthy growth. Over a dozen consecutive quarters of real GDP growth is a sign of a strengthening economy, and perhaps this will bolster European equity markets going forward.
The gold spot price rests at $1,255.25. Silver trades for $18.49. Palladium and platinum trade for $790.50 and $1,031.80 respectively. The Dollar and Le Penn will be biggest factors on precious metals prices in the coming weeks.
