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Morning Snapshot: Gold continues to consolidate recent gains

IMG Auteur

USA Gold

Published : April 18th, 2017

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FOLLOW : Currency Dead Dollar Gains Georgia Gold Growth Housing Metals Policy Silver Strong Dollar Policy Trading Trump

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Category : Coins dealers headline


	USAGOLD/Peter Grant/04-18-17 Gold continues to consolidate the recent push to 5-month highs. Similarly, silver is consolidating after hitting a 5-month high of 18.64 in overseas trading yesterday. The dollar remains defensive in the wake of President Trump comments last week and speculation that “strong dollar policy” is dead. Reuters reports that Goldman Sachs abandoned the two strong dollar plays in its 2017 trading recommendations on Tuesday, pointing to the Trump administration’s concerns over the strength of the currency and improvement in growth in rival economies. — Reuters A sharp decline in housing starts in March is also helping to underpin the metals. Industrial production comes out later this morning. Median expectations are +0.4%. We’ll also hear FedSpeak from Ester George.

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