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Gold and Silver Turn Higher After Post Election Slump

OWNx Team Gold & Silver Market, News & Commentary 0 Comments

One of the prominent financial news commentators said two weeks ago, “A wise strategy would have been to buy the election and sell the inauguration.” He was talking of course of the broader markets and not gold and silver. That may turn out to be correct.

As reality begins to set in on the uncertainty of the new administration’s goals and their ability to deliver them, a heated up market could take a pause and rethink its recent run up. Trade agreements on the chopping block have softened the dollar, giving way to a mini-rally in silver and gold bullion prices.

Gold climbs near 10-week high in Trump era as dollar wobbles

This all feeds continued volatility in the broader markets while gold and silver bullion continues to build a long term base for the next multi-year leg higher.

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