Barry Stuppler

Today, Gold briefly broke below the $1,340 level and quickly rallied back on excellent demand . . . .

Gold has remained disappointedly range-bound through equity turmoil and rising geopolitical tensions. A flirt above $1360/oz last week was cut short by hawkish Fed minutes but more positive inflation prints could yet kick-start the returns needed to entice meaningful inflows . . . .

Gold rallied on Friday based on the threat of a missile attack and the increase of geopolitical problems in the Middle East . . . .

Gold opened lower, reaching an early low of $1,341 per ounce, but quickly turned higher . . . .

The worsening geopolitical situation continues to strengthen global demand for physical precious metal investment products . . . .

Gold is famously correlated inversely to the dollar and since the dollar has been weak of late the price is relatively strong, at just over US$1,340 per ounce . . . .

This morning President Trump backtracked on the missile attack on Syria and Russia, and the U.S. Dollar rallied and precious metals declined . . . .

President Trump’s tweet warning Syria/Russia that missiles are on the way this morning caused Gold, Silver and oil to spike . . . .

Donald Trump’s trade policies are breathing new life into precious metals. Measures of 60-day historical volatility for gold and palladium futures climbed to the highest in about a year. Volatility in silver also increased . . . .

Physical gold demand in most Asian hubs was muted this week, weighed down by stronger prices, despite a slight pick-up in buying in India ahead of the wedding season and a key festival . . . .