Read more: Miners lead the FTSE risers as gold prices increase Courtney GoldsmithGold prices bounced up overnight as US investors reacted to comments from Donald Trump that sent the dollar tumbling. Randgold Resources facebook/" target="_blank">shares were trading 1.14 per cent higher at 7,510p while Fresnillo was trading 1.54 per cent up at 1,640.9p. The rise is having a knock-on effect to the share prices of gold miners. Instead, they are keeping holding equities and adding some safe havens on the side, which is likely to keep gold supported."
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Mining Capital's Alastair Ford talks through the rise of gold on the back of tensions between US President Donald Trump and Syria as well as North Korea. ''This is the cue for investors to come into gold because they're looking for a bit of safety in this uncertain environment'', Ford says. Ford asks: ''Is he feeling the pressure at home and so looking to divert attention by taking action abroad?''. ''I always like to mention Galantas Gold in particular because they're the only gold miner which is going to be incurring costs in sterling and selling its gold in sterling .... sterling is so weak against the dollar that that has a multiplier effect given that gold is also strong against the dollar''.
//www.youtube.com/embed/UZSd4PSrXjU?ecver=2
![Crude Oil Prices Drop Despite Inventory Draw, Trump Boosts Gold]()
Chart created using TradingViewCRUDE OIL TECHNICAL ANALYSIS – Crude oil prices stalled after touching the highest level in a month, snapping a four-day win streak. GOLD TECHNICAL ANALYSIS – Gold prices look poised to test above the $1300/oz figure after breaking another layer of chart resistance. Talking Points:Crude oil prices track facebook/" target="_blank">shares lower despite inventory dropIEA monthly report, Baker Hughes rig count data on tapGold prices surge as Trump calls US Dollar "too strong"Crude oil prices turned lower alongside share prices as the cycle-sensitive commodity succumbed to market-wide risk aversion. What will drive crude oil prices through mid-year? Gold prices marked time for most of the yesterday's trading session but a late-day surge courtesy of US President Donald Trump pushed them to the highest level in five months.
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collected by :Jack Luxor
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Gold on the rise over Trump rhetoric against Syria and North Korea
Mining Capital's Alastair Ford talks through the rise of gold on the back of tensions between US President Donald Trump and Syria as well as North Korea. ''This is the cue for investors to come into gold because they're looking for a bit of safety in this uncertain environment'', Ford says. Ford asks: ''Is he feeling the pressure at home and so looking to divert attention by taking action abroad?''. ''I always like to mention Galantas Gold in particular because they're the only gold miner which is going to be incurring costs in sterling and selling its gold in sterling .... sterling is so weak against the dollar that that has a multiplier effect given that gold is also strong against the dollar''.
//www.youtube.com/embed/UZSd4PSrXjU?ecver=2
Crude Oil Prices Drop Despite Inventory Draw, Trump Boosts Gold
Chart created using TradingViewCRUDE OIL TECHNICAL ANALYSIS – Crude oil prices stalled after touching the highest level in a month, snapping a four-day win streak. GOLD TECHNICAL ANALYSIS – Gold prices look poised to test above the $1300/oz figure after breaking another layer of chart resistance. Talking Points:Crude oil prices track facebook/" target="_blank">shares lower despite inventory dropIEA monthly report, Baker Hughes rig count data on tapGold prices surge as Trump calls US Dollar "too strong"Crude oil prices turned lower alongside share prices as the cycle-sensitive commodity succumbed to market-wide risk aversion. What will drive crude oil prices through mid-year? Gold prices marked time for most of the yesterday's trading session but a late-day surge courtesy of US President Donald Trump pushed them to the highest level in five months.
read more visit us gold
collected by :Jack Luxor
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