Gold & Silver Prices Fall Amid Ongoing US-China Trade Dispute, Bearish Betting on Silver Reach Record Highs

according to GOLD & SILVER PRICES slipped on Monday morning in London amid the ongoing doubt over the US/Chinese trade war & the air strikes in Syria, writes Steffen Grosshauser at BullionVault. The holdings of the world's biggest gold ETF, the SPDR Gold Trust (NYSEArca:GLD), grew with 7.7 tonnes to the top ever September 2017. Comex speculators, in contrast, reduced their internet long positions in gold futures & options with 20% final week, according to the latest Commodity Futures Trading Commission (CFTC) data. Comex platinum Businessmen nearly turned bearish with the internet long position drop to one tonne after reductions for the 6th successive week. Silver prices rose 0.5% from final week's lock at $16.38 per ounce only to fall back to $16.35.

Gold Prices height as menace of Trade War Sends Businessmen to Safe-Haven Asset

As the menace of a trade war by China cast a shadow over Wall Street early Wednesday, April 4, the value of gold, that Information Systems considered a safe-haven asset, jumped. In morning trading Wednesday, gold futures for June delivery gained 0.72% to $1,346.90 per troy ounce. The spike in gold prices Wednesday morning came in conjunction by a sharp decline in unite states stocks. The tariffs come as China's answer to President Donald Trump's recent suggestion to enact $50 bn worth of tariffs against the country. A rally in gold prices can propose Businessmen are considering fleeing to safe-haven assets like the yellow metal, that Information Systems typically anticipated to promote or at least retain its value even during times of market turbulence.

Gold Prices height on Continued Trade Tensions by China

as declared in Just earlier this day the Corporation declared breaking break news that, "the 1st significant intersections of a fresh "sixth parallel" gold region at the Gladiator Gold Deposit. The ongoing drilling campaign, that going to total ~70,000 m in 2018, includes infill & expansion drilling at the Gladiator Gold Deposit. Hole BA-18-12 intersected 16.3 g/t Au over 3.4 m at the South region at 266 m depth. Drilling Information Systems currently focused on the continued expansion of Gladiator Gold Deposit & exploration targets within the 10,541-hectare Urban-Barry property. A pioneer in the financially driven digital space, vidimus produce & integration of social media, FinancialBuzz.com creates 100% unique original content.

collected by :kiven Dixter