Focus will be on geopolitical risk after Trump’s Asia trip. Saudi Arabia’s clamp down on detractors by labelling them as corrupt will weigh on the markets. Economically there is nothing as most of the good news has been factored in by the markets. All the focus is on crypto currencies and bitcoins. If gold and silver fall this week, then everyone will be looking for signs of a medium term bottom. Short term investors are cautious about investing in gold.
I am more concerned of the rise in industrial metals.
This post was published at GoldSeek on 6 November 2017.