Barry Stuppler

Gold prices raced higher as worries about political instability in the US swept financial markets . . . .

Gold traded near a two-week high as the disarray engulfing Donald Trump’s White House boosted the commodity’s allure as a haven, with equities in retreat and investors scaling back the odds of the Federal Reserve tightening policy next month . . . .

After yesterday’s $21 rally on top of Gold’s $20 increase in the previous five days, it’s time for a small bit of consolidation . . . .

The markets are reacting to the turmoil with the equity markets falling, U.S. Dollar Index breaking below the 98, and 10-year Treasury bond yields dropping . . . .

Gold is up today, the fifth day in a row, reaching a high of $1,239 per ounce . . . .

Spot precious metals are up an average of 0.4% this morning, Tuesday May 16, gold prices are up 0.2% at $1,233.50 per oz, the rest are all up 0.5% . . . .

Last week we saw the turn in precious metal prices. Gold made a new 60-day low last Tuesday at $1,214 per ounce before heavy trading volume started pushing the Gold price higher . . . .

Gold rallied this morning as we saw continued weakness in the U.S. Dollar . . . .

A combination of a weaker U.S. Dollar and weekend short covering has caused Gold to rally $5 . . . .

Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead/zinc and gold sectors . . . .