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Precious Metals In Review: Week of 3/27/2017
Category: Market Reports
Author Name: Dillon Gage
Posted: 03-31-2017 11:28:00 AM
Author Name: Dillon Gage
Posted: 03-31-2017 11:28:00 AM
Direct from experts at Dillon Gage, ModernCoinMart presents an overview of what is going on with numismatics this week.
Precious Metals Overview – Week of March 27th
Precious metals launched the week on a high note, with Gold hitting a four-week high, as frustration with Washington’s gridlock suppressed Wall Street with equities and the world’s Ten-Year Bonds opening much lower. Additionally, the activity in the dollar was brisk, which traded lower going into Monday versus other world currencies, further helping the rally in gold.
On Tuesday, Wall Street ended nine consecutive days of losses, the worst streak since 2011, with a 151-point jump. With the stock market bump, gold predictably closed a little lower on the day.
Generally, gold has hung on throughout the week, off about $10 from its Monday high. But Fed comments continue to suppress the price of gold. We end the week with dollar index and Ten-Year Treasuries virtually unchanged. Wall Street gold traders continue to be absent from trading as the market seems to have no definitive direction.
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Author Name: Dillon Gage This editorial has been prepared by Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept the foregoing. |
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