Precious Metals Daily Market Review
With all the late events in US policy and on the international platform, a lot of people are scared of market changes. Additionally, they worry that the entire move of gold prices this year could be a fake manipulation. Or, that some giant drop is going to happen.
Every investor less or more experienced knows that the financial markets move in cycles. You can’t avoid the fact that the market manipulation exists. Therefore, we should also consider other reasons for investing in precious metals instead of sharp actions based only on the possible collapse of Media information.
If you once decide to be part of this “investing team”, you will automatically keep the questions “Should we expect the gold prices to rise.” Or, “should we expect another drop”?
So many options can be used to speculate on falling stock prices. So, to hedge against falling prices to protect long-only portfolios. Panic is mostly needles and you cannot follow and predict all of them.
Bullion Exchanges has decided to report impartial precious metals market updates. This is to help our customers to stay up-to-date with the mainstream market news. In the current market situation, it’s wise to look for the alternative ways to secure your wealth.
All our articles published here are to inform your thinking, not lead it. Only you can decide the best place for your investment, and also any decision can put money at risk.
Gold is up 1.4% at $1,212 per ounce today highest from January 24. Silver rises to the strongest point since December 8. Dow Jones index drops down triple digits (-148.47/-0,74% Today’s Change). And, investors are waiting for US Fed meeting today!
With negative cues from all corners, we may see Trump’s policy looks not market-friendly at all, and investors are frantically looking for safe havens for their wealth. After all the predictions and market analysis, it seems like our worst predictions finally becoming truth.Meanwhile, a series of comments from the Trump administration about the foreign exchange market could crush all good expectations. Donald Trump Trade Chief Peter Navarro alleged Germany is abusing euro for own gain. Later President Trump said other countries take advantage of the US by devaluing their currencies. Earlier Mr. Navarro accused “cheating China” of destroying US factories and flooding the US with “defective and cancerous” exports.
After Trump’s immigration ban temporarily restricting immigration from seven Muslim-majority countries, investors across the country got a “risk-off” reaction through the global financial markets. Technology companies also sagged on worries that future administration moves will make it harder for them to hire skilled, foreign-born workers, global stocks announced the biggest lost in six weeks after Trump signed this executive order and fired the government lawyer Sally Yates, who refused to support his decision.
With all the sort of protests happening now across the country, the US market looks highly unstable on the international platform.
Today the investors and traders are waiting for the closed meeting of the Board of Governors of the Federal Reserve System. It will be at 1:00 PM on Tuesday, January 31, 2017. There the latest legal developments and issues of official Board business are scheduled to be discussed.
Clearly, Trump’ policy remains the main driver for gold and all these issues don’t go away anytime soon. Bullion Exchanges will keep our customers with relevant news that could affect markets.