Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Geopolitical “Powder Keg” Supports Gold’s Resurgence

Wednesday, April 19, 2017 13:49
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Despite the second slam in as many days into the London Fix…

Gold is trading near the highest in five months, and, as Bloomberg notes, at least one measure suggests the rally is gaining momentum.

Open interest, a tally of outstanding contracts in Comex futures, this week climbed to the highest since January as global tensions ranging from the U.S.-North Korea rift to European elections fuel demand for haven assets.

“The open interest went up because we had people that wanted to protect themselves against all the uncertainty,” said Frank Cholly, a senior market strategist at RJO Futures in Chicago.

“Everything has gotten really tense in geopolitics – it’s a powder keg right now.”



Source: http://silveristhenew.com/2017/04/19/geopolitical-powder-keg-supports-golds-resurgence/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.