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Ukraine Remains The Story

Monday March 10, 2014 08:19

Friday’s much better than projected employment stats - although not stellar - was enough to slow the recent edge of the bulls that were betting that the Fed may reverse course its tapering strategy against the background of recent weak economic numbers. Chinese growth also continues to struggle and the recent strength in the metals has taken some of the enthusiasm for physical demand out of the Far East. The metals continue to find support from the situation in Ukraine and this dynamic should maintain a “what if” bid for gold. If signs point to the Ukraine situation worsening, it will be seen in the forex market first, with a sell-off in the Euro. This is currently not evident. A settlement in the Ukraine may result in continued pressure on the metals.

By Peter Hug
Global Trading Director
Kitco Metals Inc.


Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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