Gold Investments Market Update – Geopolitical Risk From U.S. and Israel Militarily Confronting Iran is Real
Gold surged to $942.80 in New York yesterday and was up $16.30 and silver closed at $18.20, up 78 cents.
Gold has succumbed to profit taking with the dollar flat and oil prices down marginally ($141.30 per barrel). However, geopolitical risk remains ever present and this should result in gold remaining well bid at these levels.
While the ISM data yesterday looked benign and was greeted by an increase in risk appetite, a deeper look at the numbers was very worrying in that it showed a leap in the Index of Prices paid number.