It may not seem like it, but the precious metals market is still (and has been since the start of the year) in bullish territory, supported by a multitude of economic and geopolitical risks eroding many of the other popular asset classes.

This is the sentiment shared by those at Haywood Capital Markets, noting that volatility still reigns supreme in both equities and the US dollar index given some of the market’s forward-looking aspects, which would in turn support higher gold (and silver) prices.

In the investment firm’s latest precious metals sector report, it highlighted some of the economic readings, like a softening of consumer pricing and manufacturing indices, as market forces commensurate with a downward trend in the dollar. At the same time though, it acknowledged that the resilient US jobs and housing markets make things a bit more uncertain…

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