Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should seek the relevant advice.
Daily Resource Overview - 23 Mar 2018
Gold futures prices were ending the Thursday U.S. day session modestly up but well
down from daily highs. Meantime, the cash gold market was weaker today following
its big afternoon gains on Wednesday. A firming U.S. dollar index today somewhat
limited buying interest in the precious metals markets. April Comex gold futures
were last up $3.90 an ounce at $1,325.40. May Comex silver was last down $0.054
at $16.365 an ounce.
Safe-haven gold and silver bulls were somewhat perplexed their metals did not react
more positively to a big U.S. stock market sell off that occurred in part due to the
U.S. slapping new trade sanctions on China. However, markets and traders are
fickle, and a heated trade war between the two largest economies in the world could
well wind up boosting gold and silver prices in the near term. Remember that the
U.S. stock market at first did not pay much attention to the U.S. protectionist rhetoric
of recent weeks.