I am against selling gold, silver, copper and crude oil unless they fall below yesterday’s low. Once again there is not much economic data today. Physical demand in Asia and premiums will be the key to gold and silver prices today. A stronger demand along with firmer premiums will ensure that gold and silver rise today.
The focus of global investors is on crypto currencies. Quick returns and extreme volatility in crypto currencies has resulted in more and more traditional bullion investors and traders switching to bitcoin and other crypto currencies. Metals and energy prices are dictated by fundamentals.
This post was published at GoldSeek on 11 July 2017.
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