The Phaserl


Gold heads for biggest weekly gain in 2 months, silver jumps

from Reuters:

“Today’s run is part of a broad-based correction with the dollar weakness,” said Eli Tesfaye, senior market strategist for RJO Futures in Chicago.

Spot gold has risen over 2 percent this week, recovering from a four-month low touched on Tuesday under pressure from expectations that the U.S. central bank is on track for its first interest rate increase in nearly a decade.

Such a move would boost the dollar and lift the opportunity cost of holding non-yielding bullion. The Fed, however, indicated it preferred a more gradual path.

Read More @


Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>