Wednesday, May 17, 2017

Gold climbs 1.5% overnight to cross back over $1250 an ounce as silver also regains $17 level

Last week we published an article where we showed that gold and silver prices had likely bottomed out after their historic 17 straight days of closing lower in the markets.  And sure enough since that time gold and silver have been moving steadily up over the past five days.

And as always it took just one political event to spur a solid move higher in the prices of the metals as on May 17 gold opened up over 1.5% to cross back over an important technical level of $1250, and silver regained the $17 level with its own nearly 1% gain.




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