Can Gold, Silver Momentum Hold Ahead of Fed’s June Meeting?

Gold and silver prices continue to gain momentum as markets try to decipher the latest drama out of the White House, and according to Kitco’s Peter Hug, the political landscape could prove to be positive for the metals. “You’ve got to be somewhat impressed with the resilience of the metals after the selloff,’ he told Kitco News Tuesday. ‘I think the primary story is really the issues developing in front of our eyes at the White House,’ he added, noting that it could even cause a delay in rate hikes by the Federal Reserve in June. ‘If the Fed is worried that the Trump administration’s initiatives might be stalled, they may wait until the next meeting and if that happens, gold gets a lift.’  (show less)

Gold and silver prices continue to gain momentum as markets try to decipher the latest drama out of the White House, and according to Kitco’s Peter Hug, the political landscape could prove to be positive for the metals. “You’ve got to be somewhat impressed with the resilience of the metals after the selloff,’ he told Kitco News Tuesday. ‘I think the primary story is really the issues developing in front of our eyes at the White House,’ he added, noting that it could ... (read more)

 
 
For Pete's Sake!

For Pete's Sake!
From the latest market-making swings to the forward-looking important events that could impact the markets, For Pete's Sake with Peter Hug breaks down the news. He reviews the latest information coming out of North America, Europe and Asia to help you decide how to play the week. Tune in every week to get his key price ranges for gold and find out why he hates to talk about the Fed.

 

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