Monday, 8 May 2017

Gold Prices Rise Following Worst Week of the Year

LOMBARDI LETTER: Gold Prices Begin Recovery

Last week was a rough one for gold prices as the market responded to a calmer political mood and reassurance from the U.S. Federal Reserve about the American economy. This week, however, has started strong for bullion after its weak performance.

The yellow metal came in at $1,227 an ounce after it had registered three straight weeks of decline. Since mid-April, gold has been on a downward plunge, hurt by the easing of political tensions across the globe, as well as a U.S. Fed signaling an interest rate hike coming in June. » | Lombardi Letter Editorial Desk | Monday, May 8, 2017