Gold? Bitcoin? Golden calm after weekly decline

in #gold7 years ago

Gold, after a weekly decline, remained calm with the political upheaval in England
Gold prices remained calm following the decline in the previous week, with investors turning their attention to political turmoil in the UK and interest rate hikes expected this week in the US.
Spot gold rose by 0.1 percent last week after dropping 1 percent to $ 1,267.61 per ounce. Metal has seen its highest level since June 9th until June 6 at $ 1,296.15.
Hedge fund increased net long positions under fund managers.
The Bloomberg Dollar Spot Index, which tracks the US currency against 10 major currencies, did not change much on Monday.
The sterling has faced yen challenges as the political uncertainty in the UK continues.
The Fed is expected to raise interest rates for the second time this year at a meeting on June 13-14.
In France, the Macron emerged from the elections.
Spot silver fell 0.4 percent to $ 17.1425 an ounce. While platinum is trading at $ 940.23 per ounce, palladium has risen 0.8 per cent to $ 893 per ounce image

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I am sure looking into silver again :)

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