The price of gold rebounded this week as tensions between North Korea and the United States continue to mount. President Trump’s tweet on Wednesday was also a major catalyst for the price of gold.
Silver prices took a 2.5% nosedive last week after the July jobs report smashed expectations.
This sharp decline following a big rebound since July 7 has investors worried the metal will keep falling lower.
The price of gold is on track to post a flat week following four straight weeks of gains.
This has investors wanting to know whether or not the metal will move higher in the second half of 2017.
The price of silver has been in rally mode lately, coming off its third straight weekly gain.
Gold prices are on track to post their third straight weekly gain.
With the metal at six-week highs, investors want to know if it will keep going higher.
The silver price continued its rebound last week from the July 7 bottom.
After rallying 3.7% last week, silver investors want to know if the metal will keep posting gains this year.
The gold price is up near its highest level since June 23, putting it on track for a weekly gain of 1.7%.
And we expect it to keep rebounding from recent lows through the second half of 2017.
While in London recently at an exchange with British Academy President Lord Nicholas Stern, Federal Reserve Chair Janet Yellen really let the cat out of the bag.
She told Stern that banks are now “very much stronger,” with another financial crisis like the one in 2008 unlikely to happen anytime soon, and not likely “in our lifetime.”
According to Yellen, the Fed has “learned” from the Great Recession of 2008 and is now more watchful over underlying risks in the financial system. She’s comfortable saying, “I think the system is much safer and much sounder.”
Well, isn’t that reassuring…
Silver prices rebounded 3.3% last week after they hit a 15-month low on July 7.
These gains have investors wondering if silver will continue higher the rest of 2017.
The price of gold is on track to post a 1.5% weekly rebound after hitting a four-month low last week.
This has investors wanting to know whether or not the metal has finally bottomed.