This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
(Kitco News) – World stock markets were mostly lower in overnight trading. The U. S. stock indexes are pointed toward slightly higher openings when the New York day session begins. The marketplace is reacting with keener risk aversion to an ISIS terror attack in Barcelona, Spain Thursday, in which a van rain into a crowd and killed 13 people. A second attack in another town in Spain was thwarted by police, who killed five terrorists.
Gold prices are higher in pre-U. S. day session trading Friday and hit a 2.5-month high above $1,300 an ounce on some more safe-haven demand and technical buying.
Traders and investors are also pondering the future progress of the Trump administration’s objectives. Many believe the administration is in turmoil.
This post was published at Wall Street Examiner by Jim Wyckoff ‘ August 18, 2017.